Martin Pelletier, CFA, is a portfolio manager at Calgary-based TriVest Wealth Counsel Ltd. Therefore, if one buys into the economic growth thesis, then the current selloff in oil could represent one of the best opportunities we’ve seen in the past decade - creating our own Black Friday sale in the energy patch. ![]() The ratio between the S&P 500 and oil prices has now exploded to more than three times, the highest it has been in more than 10 years and over three standard deviations from its mean. In particular, there are pundits touting how inexpensive the broader equity market is given the rapidly growing economy, but also calling for recessionary-level oil prices. Sure, oil prices could continue to drift lower in the next few weeks, but we think there is a real dichotomy in the market that many have been disregarding. NiSi filters are also available in traditional circular threaded versions as well. It was only a couple of months ago that those calling for US$115 oil dominated the press. JANUARY 1966 ‘Black Friday’ is the name which the Philadelphia Police Department has given to the Friday following Thanksgiving Day. We offer 75mm for compact and mirrorless, 100mm for most wide-angle lenses with standard filter threads, A 150mm size with custom mounts for ultra-wide lenses, and a 180mm size for the extreme wide-angle lenses, the Canon 11-24mm f/4L as an example. Overall, we view the latest selloff to be pure and simple capitulation by investors overreacting to negative news and calls for oil to fall below US$50 a barrel. ![]() The Good: oil prices have hit a floor and start to recover. Those with weaker balance sheets have been hit the hardest, so we would recommend sticking to the top-quality companies as they offer a much better risk/reward ratio in the event of further near-term downside. This advertisement has not loaded yet, but your article continues below.
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