Paul Sankey Would Long COP And Short VLO
Deutsche bank analyst Paul Sankey said on CNBC's Fast Money that oil price will not sustain these levels, because of the mild winter and weakening demand. He thinks that if you have to invest in energy sector, a good choice would be to long ConocoPhillips (NYSE: COP) and short Valero Energy Corporation (NYSE: VLO).
Conoco (COP) went 1.3% up today to close at $51.4, while Valero (VLO) fell 4.34% and closed at $19.39,
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