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Low oil prices may have a silver lining, after all.
Without a doubt, oil stocks have taken a pasting in recent months as oil prices have plunged more than 50%.
But Money Morning Chief Investment Strategist Keith Fitz-Gerald, a seasoned market analyst with 33 years of experience, views such turmoil not with dread, but optimism.
"From great chaos comes opportunity. I look at this as one of those periodic cycles where the weaker players get bled out. I think the stronger players come in, they acquire them, they make more efficiency in their operations, and they emerge stronger for the experience," Fitz-Gerald said in a Monday appearance on the CNBC World program "Street Signs."
With earnings season getting under way, Fitz-Gerald said he'd be watching to see if analysts "are in tune with the oil cycle" or not. He thinks the more innovative ones will call for higher oil prices.
To find out what else Fitz-Gerald sees for oil in 2015 – and how investors can play oil right now – watch the video below.
Why Oil Prices Will Rise: Lower oil prices have left most pundits overly focused on the short-term causes. Yes, U.S. oil production has risen and global demand has slipped. But what they're missing are the pricing dynamics that will determine where oil goes next. These factors virtually guarantee that oil prices will go up in 2015…
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