Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Marc Lasry Says Energy Stocks A Good Buy Due To Plunging Oil Prices

Marc Lasry is a hedge fund manager, who along with Sonia. E. Gardner founded the hedge fund, Avenue Capital. Lasry is also the Chairman and CEO of Avenue Capital. Lasry pointed at plunging oil prices, which is currently at $80 per barrel, as an opportunity to cash in with the energy stocks. In a recent CNBC interview, he talked about significance of oil prices and energy stocks.


Lasry feels that the crude oil prices has disrupted most of the energy companies and he feels that this is the right time to buy the energy stocks since a discounted price on the stock is possible at the moment.

“From Macro stand point you want to be in energy. […] because of what is happening to crude oil prices over the last 30 days a number of companies are having issues on the energy side and again what we are trying to do is buy the debt at a discount, so that from a macro standpoint you want to be investing in energy, because long term it is actually very good but now short term you have the ability to invest and buy that anywhere around 60 to 70 cents on the dollar,” Lasry mentioned.

Lasry said that he would buy the equity in long term. He mentioned that he prefer to go from 60 to par or 70 to par and take little risk. He feels that buying equity today might have higher risk, since he feels that number of equities have gotten hit between 25-50% because of high prices coming in on oil side. He said that he would invest in companies which are strong from a credit stand point.

Lasry refused to mention the names of these companies that his firm is investing in, due to the compliance restrictions. He added that equity of these companies is trading pretty cheaply and he feels that if the company has the ability to access the capital, the equities might be worth quite a bit.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.