News Times – Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP in Stamford, said last week’s selloff in commodity markets makes this a good time to buy stock in energy companies.
Energy is “an interesting sector,” he said Wednesday at the SALT, or SkyBridge Alternatives, Conference in Las Vegas, speaking to a packed room with a 1,750 seating capacity. “I think that energy stocks are discounting oil prices much lower than where we are trading today.”
