67 WALL STREET, New York - January 8, 2014 - The Wall Street Transcript has just published its Oil & Gas: Drilling Equipment and Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Oil Price Expectations - Shale, Offshore and Deepwater Drilling - Unconventional Resources - Bundled Oil and Gas Services - Oil and Gas Transportation Services - Dividend Yields for Energy Investors - Domestic Crude Prices - International Energy Opportunities
Companies include: TransCanada Corp. (TRP), Canadian National Railway Comp (CNI), Canadian Pacific Railway Limit (CP), Enbridge Inc. (ENB) and many others.
In the following excerpt from the Oil & Gas: Drilling Equipment and Services Report, an expert analyst discusses the outlook for the sector for investors:
TWST: Can you begin with an introduction to your coverage of the oil and gas services/infrastructure sector, including the specific names you follow?
Mr. Paget: I cover 13 organizations, companies that provide infrastructure, processing, transportation of oil and gas. It includes two power companies, which are not directly oil and gas, do not provide oil and gas services; they simply generate power. But the others are true oil and gas. They provide a service to oil and gas companies.
TWST: Which segment within oil and gas infrastructure do you think is the most attractive way to get exposure to the sector right now and why?
Mr. Paget: The oil and gas infrastructure high-yield corporates is the way we prefer, and we have "outperforms" on Gibson Energy (GEI.TO), Inter Pipeline (IPL.TO) and Pembina Pipeline (PBA).
TWST: Why is that the segment that you prefer?
Mr. Paget: They are specifically focused on providing oil and gas services to the oil and gas industry with fixed assets, tanks, pipelines, terminals, processing.
TWST: How do investors need to approach investing in oil and gas infrastructure differently than they would approach investing in oil and gas companies directly?
Mr. Paget: Infrastructure companies are all about yield, and the idea behind these companies is that they are somewhere between a traditional company and something more like a preferred share or bond, where the dividend is a very reliable and stable component of the total return, and sometimes even the dominant component of that total return...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
- Utility Industry
- Basic Materials Industry