MM holds BHP in 3 of our portfolios, the resources giant has really helped our performance since the peak of the COVID panic. Obviously BHP is far from a pure energy play but it does enjoy significant revenue from the area. We envisage ongoing rotation by BHP in the low $50 to mid-$45 area hence we are considering taking some profit above $50
MM remains bullish BHP but a on going consolidation around $50 feels likely
Add To Hit List
