WATCH: Stock pick — oil
Viv Govender from Rand Swiss Offshore talks to Business Day about his stock pick of the day
Viv Govender from Rand Swiss Offshore chose oil as his stock pick of the day.
“Right now my pick is the oil price, at around $60-$61 a barrel is very good to get into. I do think it may go lower with another $10.... Shell is one of the reasons that we have seen the oil prices come down. I do think there is a lot of upside possibility as a number of producers out there are really vulnerable.”