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Lack Of Capital In The Energy Space

"Warren Buffet is continuing to buy Occidental Petroleum (OXY) while Harold Hamm offers to take Continental Resources private in a $25B deal. There is volatility in the commodity market which leaves investors uncertain. Is a new $100 price level forming for crude oil? We are in a supply constraint that is not going to be alleviated by these prices. There is lack of capital in the energy space," says Cole Smead.

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