There is a lot of money in making war and even more to be made when the shooting stops.
An investor who, like the majority of the world's politicians, has a moral compass that always points to opportunity and knows that blood on the hands easily washes off, can find plenty of interesting plays in Libya.
It is not a given that a Libyan rebel will become a revolutionary product placement figure like Che with his Rolex, but if the Hipster Libyan Rebel in his retro Nike's starts appearing on T-shirts, shares of Nike NKE could light up an investor's portfolio like a barrage of smart bombs.
Then again, maybe Nike is not as hip as it once was and now is the time to short the Beaverton, Oregon-based company. Benzinga contacted Nike's media department and the woman on the other end of the line had never even heard of the Hipster Libyan Rebel and said further inquiry would have to be made through email.
An everyman play of peace erupting in Libya is Eni E, the Italian energy company that engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni gets around 14% of global output from Libya.
It is estimated that 22% of Italy's crude oil supplies come from Libya and the country also depends heavily on Libya for natural gas with much of it transported via Eni's Greenstream pipeline.
And since Libya has a lot of cash and had the fourth-largest sovereign-wealth fund in the world before the conflict erupted, perhaps it is a good time to go long Goldman Sachs GS and see if the investment bank can get another billion-plus U.S. dollars from Libya to lose.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: Long IdeasShort IdeasMarketsTrading IdeasCheConsumer DiscretionaryEnergyEniFinancialsFootwearGoldman SachsIntegrated Oil & GasInvestment Banking & BrokerageLibyaMuammar GaddafiNATONike
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