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Fiscal Breakeven Pressure on OPEC

Posted by CM Advisors on May 23, 2017 2:52:32 PM

OPEC producers continue to be squeezed by their fiscal breakeven levels, which on average is between $90 and $100 per barrel of Brent Crude. In other words, this is not their breakeven price to produce a barrel of oil. Rather, this is the price per barrel of Brent Crude, in U.S. dollars, these countries need in order to balance their budgets, most of which include large social programs which are very difficult to reduce or cut. 

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Topics: Home Feature, Charts

CNN Money: "Big Oil could be ready for a big comeback"

Posted by CM Advisors on Apr 2, 2017 8:36:00 AM

Jim Brilliant discusses the potential for rising oil prices with CNN Money.  Click here to read the article.

 

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Topics: News, Articles

CM Energy Industry Update - March 2017

Posted by CM Advisors on Mar 14, 2017 2:43:00 PM

 

Jim Brilliant, CFA® and Scott Van Den Berg, CFP® provide an update on our investments in the energy sector and what we see in the years ahead.  We believe that the case for oil and energy markets is bullish.

 

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Topics: Commentary, Video, Our Views

Barron's: "Top Fund Manager Sees Value in Offshore Drillers

Posted by CM Advisors on Mar 8, 2017 3:50:00 PM

 

Read the Barron's article about opportunities in offshore drillers here.

 

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Topics: News, Articles, Our Views

MarketWatch: "If you think bonds are too dangerous now, think again"

Posted by CM Advisors on Feb 7, 2017 5:04:00 PM

On February 7, 2017 MarketWatch interviewed Jim Brilliant for his thoughts on bonds.  Here's an excerpt:

You’ve probably read recent headlines telling you to stay away from bonds because interest rates are rising. But such conventional wisdom might not make sense if you are looking for income and have the patience to stick with a long-term strategy...

Click here for full article

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Topics: News, Articles, Our Views

Will Rising Interest Rates Impact Fixed Income?

Posted by CM Advisors on Feb 6, 2017 10:05:00 AM

Until recently, the Fed has been the only game in town providing stimulus to the economy. Now, we believe members of the Federal Reserve have to contemplate the potential effects of President Trump’s pro-growth fiscal policy:

  • We think the Fed has to be careful in this new environment, and that they will stick with modest, gradual rate hikes until they see growth in real GDP getting closer to 3%.
  • In our opinion, the Fed wants to get out of this "lower-for-longer" environment.  

We’ve seen low interest rates rencourage people to stretch for yield by purchasing stocks that pay high dividends like consumer staples and utilities.  As a result we believe those sectors are not cheap.  Bonds provide an alternative for those seeking income.

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Topics: Highlights, Commentary, Video

Bonds for the New Fixed Income Environment

Posted by CM Advisors on Dec 23, 2016 6:05:00 PM

 

The Street Interview with Jim Brilliant, CFA

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Topics: News, Video

CM Energy Industry Update - December 2016

Posted by CM Advisors on Dec 23, 2016 4:36:00 PM

 Jim Brilliant, CFA® and Scott Van Den Berg, CFP® provide an update to Century Management's thoughts on the energy markets.

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Topics: Commentary, Video, Our Views

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Fixed Income, Value Approach

As a total total return bond fund, we have the flexiblity to invest in treasuries and corporate bonds of any maturity or credit quality. Given the current economic climate, we are focused on a mix of short-term U.S. Treasuries and corporate bonds. 

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