The energy sector has been a train wreck for months, but one seasoned investor is finally seeing opportunities. ‘I’m a roaring bull on energy. I’m back in,’ said David Kotok, Chief Investment Officer at Cumberland Advisors. Kotok sold Cumberland’s energy holdings back when oil was trading above $100 a barrel and is just now adding positions. Cumberland Advisors, which invests through ETFs, and is holding shares of the First Trust ISE-Revere Natural Gas ETF (FCG). ‘The entire basket of the companies was for sale below the replacement cost of their infrastructure. We know below replacement cost is an entry level in anything,’ said Kotok, who says the bull case for natural gas stocks is the impending exports of natural gas and oil from the U.S. ‘I think oil and gas is an export growth industry for the United States for decades. It will be huge,’ said Kotok.
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