A great way to play crude recovery is long
CRAK
- the oil refiner ETF vs short
SPY
(overall large caps). Refiners have better margins with low oil prices and looking at their margins is a good way to gauge the demand for physical. The ratio has broken 0.7 and I expect to see it at 0.9 or a 30% return as recovery gathers steam.
CRAK
- the oil refiner ETF vs short
SPY
(overall large caps). Refiners have better margins with low oil prices and looking at their margins is a good way to gauge the demand for physical. The ratio has broken 0.7 and I expect to see it at 0.9 or a 30% return as recovery gathers steam.