Energy Summary for Jan. 27, 2016

2016-01-27 18:14 ET - Market Summary

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I have been with stockwatch for many years and always found your summary documents useful. Every night I tried to read your summary in gold and energy even when I was traveling because it gave me a good perspectives of the market.

Since you mentioned my name in last night's energy summary, I have to point out the very inaccurate statement made on me and my track records. See the link I provided, I was very few energy investors who saw this correction coming. I called the top of oil in 2013 and became very bearish on China as well as most commodities in 2014. In my newsletter, I shorted oil when it was over 100, shorted copper when it was around 4 and shorted AUD when was over 1 USD in 2014 after I successfully lead my subscribers to underweight gold mining stocks back in 2012. In September of 2014 I guided my subscribers to sell energy stocks, including Canacol Energy when oil was still over 100. By October of 2014 I already sold out almost every fracking play and positions in companies like CNE were greatly reduced. It was not until one year ago, in early 2015 that I made CNE my energy top picks at a little over 2 CAD when I saw they picked up bankrupt OGX gas assets and becoming a gas company. Since then CNE is probably one of best performers in the energy junior, if not the best. You statement of me "promoting Canacol since March 2014" is completely false. Even you spend a little time to talk to any of my long term subscribers, you would have known this is contrarian to the fact. The recent rebound of CNE probably has more to do with the oil rebound and potential leak of the pipeline news since I have been talking about CNE for almost a year. BTW, I don't promote company for the sake of promoting. I never received any compensation from the company. I only told my subscribers on where I am putting my own money in.

http://www.theenergyreport.com/pub/na/are-you-protected-from-oil-price-downside-chen-lin-shares-his-strategy

Your summaries earned your popularity as you peeled through the surface and pointed out many conflicting (sometimes shocking) facts of many junior companies. But I hope you stick with the facts because wrong statement like this may reduce the credibility of this fine publication.