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Energy sector, long position. Diversifying energy sector positions. Exxon stock has been underperforming recently, reaching 5-year low in late 2019. However, analysts currently consider the stock cheap. Probably rising stock prices in the long run. Fits our investment strategy.
Oil industry, short position. Oil industry has notably lower growth potential than renewable energy industry. Our fund will be equally weighted with 5% on each position and we will target 1,5 leverage ratio so each position will be about 75000$.
Short position with this company is suitable with the investment strategy of the fund as it has been in bottom 20 performers among S&P500 companies during the past six months. This transaction facilitates reaching an investment portfolio with equal weights between holdings.