Viv Govender from Rand Swiss Offshore is taking a stop loss on oil as his stock pick of the day.

“I’m cutting my bet on oil, I was betting on oil because of the protection on the downside and a huge long-term upside if something happens with the Middle East and Iran but I have seen some analysis this week that has scared me about the oil price.” ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.