No. of Recommendations: 2
RIG is being sold at market bottom today. Would you have sold it had we not had this unexpectedly deep oil crash? Specifically, did deep loss or flat line force you to look into thesis creep?

What about FCX? Is thesis still intact?

From a portfolio management strategy based on my own experience - selling at the sector bottom is not bad unless one rolls into the best position opportunity in that sector. So I wonder about your next MUE move - oil patch or elsewhere. Except for IV, I don't see any of my other TMF services willing to stick their neck out for the oil patch these days.

Anurag
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