CM Update - OPEC CONTEMPLATES EASING OFF SUPPLY CUTS - MORE EVIDENCE OF A TIGHT MARKET
Century Management posted a report that discusses its latest thoughts on oil.
Century Management's Brilliant Says Apple Repatriation Won't Move Markets
James Brilliant, Century Management Investment Advisors co-CIO, discusses with Bloomberg's Julia Chatterly and Scarlett Fu on Bloomberg Markets
Five-star manager says bond market's fear is overblown
On January 12, 2018, MarketWatch interviewed Jim Brilliant for his thoughts on whether the shrinking gap between high-yield bonds and Treasuries is typically a warning of bad times ahead. Jim believes it's different this time.
Century Management's Brilliant Says Oil Industry Resilient to Storms
James Brilliant, Century Management Investment Advisors co-CIO, discusses the impact of Hurricane Harvey on the oil industry with Bloomberg's Julia Chatterley and Joe Weisenthal on "What'd You Miss?" (Source: Bloomberg).
Forbes Interview of James Brilliant, CFA
“As a total return bond fund, we have the flexibility to invest in treasuries and corporates and we can invest in any maturity or any credit quality. By having this flexibility, it allows us to move up and down the yield curve and then be opportunistic when credit spreads widen.”
Fiscal Breakeven Pressure on OPEC
OPEC producers continue to be squeezed by their fiscal breakeven levels, which on average is between $90 and $100 per barrel of Brent Crude. In other words, this is not their breakeven price to produce a barrel of oil. Rather, this is the price per barrel of Brent Crude, in U.S. dollars, these countries need in order to balance their budgets, most of which include large social programs which are very difficult to reduce or cut.