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NASDAQ:FANG
One of the biggest changes in his portfolio over the last 6-8 weeks has been reduction in exposure to exploration and production companies so he is no longer in this. A great company and their production growth is remarkable. The problem is some near-term concern on the price of West Texas crude and Brent Sea oil, so producers have been backing off. Stock is behaving very, very well and has not broken down technically. He has just been increasing his Consumer Discretionary exposure and reducing some of his energy producers.