Guggenheim’s Scott Minerd Says ‘Worst for Energy Is Over’

  • Manager has been buying energy-company debt since February
  • He predicts oil will rise to $55-$60 range by late next year

Scott Minerd, who manages $240 billion for Guggenheim Partners, is betting that oil prices are headed to $55 to $60 by late 2017 and then moving higher after global supply and demand reach a balance.

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