Oil Prices. Because BRU is an Oil Producer. Duh., page-30

Hedge funds bet on oil's 'big comeback' after pandemic hobbles producers

Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.
Such limitations on supply would push prices to multi-year highs and keep them there for two years or more, several hedge funds said.
The view is a reversal for hedge funds, which shorted the oil sector in the lead-up to global shutdowns, landing energy focused hedge funds gains of 26.8% in 2020, according to data from eVestment. By virtue of their fast-moving strategies, hedge funds are quick to spot new trends.

“By the summer, the vaccine should be widely provided and just in time for summer travel and I think things are going to go gangbusters,” said David D. Tawil, co-founder at New York-based event-driven hedge fund, Maglan Capital, and interim CEO of Centaurus Energy.
Tawil predicted prices of $70 to $80 a barrel for Brent by the end of 2021 and is investing long independent oil and gas producers.

... Rafi Tahmazian, senior portfolio manager at Calgary-based Canoe Financial LP....North America’s oilfield services sector, which producers rely on to drill new wells, has been decimated, he said.
“They’re decapitated from being able to grow,” Tahmazian said. “The supply side is broken.”

https://www.reuters.com/article/us-global-oil-hedgefunds-focus-idUSKBN2A70IM