U.S. Global's Frank Holmes and Brian Hicks Interviewed by The Energy Report

SAN FRANCISCO, CA--(Marketwired - October 28, 2015) - For investors willing to take a long-term view on their resource portfolios, this could be the best of times, says U.S. Global Investors CEO and Chief Investment Officer Frank Holmes. If you add patience to your portfolio management strategy, holding discounted oil and gas and metals mining stocks is one way to leverage the price equilibrium that will come when China's growth hits the market. In this interview with The Energy Report, Fund Manager Brian Hicks shares the names of the juniors farther up the food chain that he is adding to the fund.

Included in this interview with Holmes and Hicks is: BNK Petroleum Inc. (TSX: BKX).

The Energy Report: Brian, in your last interview with The Energy Report in May, you were watching the price of West Texas Intermediate crude as compared to the average of the past six major bottoms. What is the chart telling you now?

Brian Hicks: It appeared in April and May that we might see a recovery in crude oil prices. A lot of folks were excited about the rapid decline in the rig count. However, U.S. production remained quite resilient, trending north of 9 million barrels per day (9 MMbbl/d). That caught a lot of people by surprise -- the fact that production had not rolled over-and led to a dip in crude oil prices over the summer; they dropped below $40 a barrel ($40/bbl) briefly.

Approaching the end of the year, we see some signs of production slowing. There is a lot of carnage in the energy patch right now. A number of operators are going through…

Continue reading this interview: U.S. Global's Frank Holmes and Brian Hicks: The One Essential to Transform Your Resources Portfolio? Patience.

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DISCLOSURE:

BNK Petroleum Inc. is a sponsor of The Energy Report. Frank Holmes and Brian Hicks had final approval of the content of the interview and are wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Holmes and Mr. Hicks and not of The Energy Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.