He doesn't buy the conventional wisdom that oil prices have to come down.
Cooperman refers to the fact that despite the high price of oil in recent years the major oil companies still can't grow their reserve base.
He sees oil moving up or down $10 but doesn't see a major break in either direction.
His two favorite energy companies are Sandridge Energy (SD) and Atlas Energy LP (ATLS).
Leon Cooperman's Energy Picks by WSJ_Live