Instead of focusing on how low the price of crude oil may go investors would be better suited focusing on beaten down energy names that offer a tax benefit advises Jeff Saut, chief investment strategist, at Raymond James (RJF). “We think you are in a bottoming process in crude oil. You are going to get the chance to buy some of the the master limited partnerships that have been, forgive me, puked up here.”

Two of Saut’s favorites include Yorkville High Income LLP ETF (YMLP) and Yorkville High Income Infrastructure MLP ETF (YMLI). “If you own those two ETFs in equal amounts, you can own the entire MLP space.”

[Get the Latest Market Data and News with the Yahoo Finance App]

Master Limited Partnerships, also known as MLPs, have the liquidity of a publicly traded company, while offering tax benefits of a limited partnership, a win-win for Saut.  “They are classified as a C-Corp. so you do not have a K-1 to fill out and 90%+  of the dividend distribution is a return to cap so its tax deferred.” Another MLP to consider; Plains GP Holdings, L.P. (PAGP) and Plains All American Pipeline, L.P. (PAA).

WTI crude (CLF15.NYM) is now hovering at the $67 a barrel level. Investors willing to take a gamble on oil stocks could also consider the United States Oil Fund ETF (USO) which has lost nearly 30% of its value this year. Regardless of which investment vehicle you choose, Saut believes the price of oil will recover along with the U.S. economy. “I think GDP is going to strengthen and we will be able to consume all the crude oil we pump.”

More from Yahoo Finance:
This bias is killing your returns
Investing in 2015: Why timing is everything
Why it's important to diversify globally