Angelos Damaskos, fund adviser to the Junior Oils Trust, says that while there has been a big disappointment in Q4 for the fund, overall the year has seen an outperformance vs the benchmark. Angelos says that the fundamentals remain for the price of oil. He discusses Caza Oil & Gas (LON:CAZA), the fund's largest holding, Serica Energy (LON:SQZ TSX:SQZ) has North Sea assets, but Angelos likes its offshore Namibian interests and Xcite Energy .
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