http://www.bloomberg.com/news/articles/2015-07-28/oaktree-sees-brew-of-china-oil-greece-cracking-global-markets"Oaktree continues to evaluate potential oil and gas deals, as oil this week traded in a bear market amid surplus supplies and concern that Chinese demand will wane. Karsh said the firm has “a lot of dry powder” available for energy investments.
“As things get worse and worse, the opportunity set for us opens more and more,” he said of oil and gas industries. “The psychology is starting to turn negative, but it’s just beginning. We haven’t dived in yet.”
