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Caprock Investment Management, LLC
CRM CNBC Highlights
Welcome to Caprock Risk Management, LLC

Mission: To build long-term relationships with our clients by providing superior
market analysis, risk management and hedging solutions, and alternative
investments catering to the energy space.
Recent Research Calls

When: July 6, 2010 CNBC

After a brutal few months on the downside for equities and commodities, specifically oil, we call for a relief rally for oil as we believe risk aversion will dissipate
and the Euro to strengthen over the near-term, lifting commodities and equities with oil as a market leader.  At $72 a barrel, we called for a run back to $80 and if
economic data improved and headlines subside out of Europe over the debt issues there, perhaps a run even higher.

To see this call on CNBC, click here.

When:  March 22, 2010 Research Note

Since last October into January, we had been calling for a dollar correction (strength) and for crude oil to test $70 after trading near $80. As we stand today, we
believe dollar strength is waning and believe the Euro will make a run against the dollar to $1.40 and beyond. As fundamentals improve, strengthening global
economy and tighter supplies, a weak dollar, and seasonality kicking for the energy complex, we believe the stage is set for a run to $90 and perhaps stretching to
the $100 mark before selling kicks in.

After hitting our $70 price target, we bounced to near $90 in April. To see the call on the The Street.com from March 10th, click here.

When:  March 9th 2009, @ noon.  S&P 500 at 675

"Given current technical levels and where we are in the process, a significant rally over the near-term is growing for stocks and when it begins, we expect the rally
to be sharp in nature.
In our opinion, the energy sector will be one of the first areas investors will focus on once market perceptions begin to focus on the recovery
phase. Targeting $50.00 over the near-term."

The S&P 500 Rallied over 80% from trough to peek over the next 14 months.
Latest Appearance:
5/12/10, Time 2:50
2010 CRM Print &
Electronic Media

Reuters Week 24 Survey (6/16/10)
Reuters Week 23 Survey (6/9/10)
Bloomberg NG (6/7/10)
CNBC NG Prices (6/2/10)
Reuters NG Wrap (6/2/10)
Reuters Week 22 Survey (6/2/10)
Bloomberg NG (5/27/10)
Reuters Week 21 Survey (5/26/10)
Bloomberg NG (5/25/10)
Reuters Week 20 Survey (5/19/10)
Dow Jones NG Prices (5/19/10)
Reuters Global Oil Wrap (5/12/10
Reuters Week 19 Survey (5/12/10)
Reuters Markets Meltdown (5/6/10)
Reuters Global Crude Wrap (5/5/10)
Reuters Week 18 Survey (5/5/10)
Reuters NG Wrap (4/30/10)
Bloomberg NG (4/28/10)
Reuters Crude Wrap (4/28/10)
Reuters Week 17 Survey (4/28/10)
Reuters Week 16 Survey (4/21/10)
Reuters Crude Wrap (4/14/10)
Reuters Week 15 Survey (4/14/10)
Dow Jones NG Close (4/7/10)
Reuters Global Crude (4/7/10)
Reuters Week 14 Survey (4/7/10)
Bloomberg EIA NG Changes (4/5/10)
Reuters EIA NG Changes (4/5/10)
Reuters Oil New Yr High (4/1/10)
Reuters NG Wrap (4/1/10)
Reuters Oil Wrap (3/31/10)
Reuters Week 13 Survey (3/31/10)
Reuters Week 12 Survey (3/24/10)
Reuters Global Crude (3/17/10)
Reuters Week 11 Survey (3/17/10)
Reuters Global Crude (3/10/10)
Latest CNBC Appearance: 7/6/10, Time 4:45
Chris Jarvis on Fox
Business News
Network Discussing
Commodities.

May 25, 2010