67 WALL STREET, New York - April 12, 2013 - The Wall Street Transcript has just published its Investing in Energy, MLPs and Other Strategies 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: Value Investing, Long-Term Investing, High Quality Companies, Investment Strategies, Large Cap Investing, Investing in Energy, Oil and Gas
Companies include: Devon Energy Corporation (DVN), Union Pacific Corp. (UNP), Targa Resources Partners LP (NGLS), Plains All American Pipeline L (PAA), Centerpoint Energy Inc. (CNP), Kinder Morgan Energy Partners (KMP), and many others.
In the following excerpt from the Investing in Energy, MLPs and Other Strategies Report, an experienced portfolio manager discusses the outlook for the sector for investors:
TWST: What's your overall outlook for the energy sector right now?
Mr. Miccolis: It's positive. We're optimistic about equities in general over the intermediate term, and energy investments within the U.S. in particular.
TWST: Are there any particular trends or themes driving that? Obviously, there has been significant exploration and discovery on the natural gas side, as well as in oil.
Mr. Miccolis: That's been the main development - the explosion in natural gas supply and developments in fracking, including the industry and environmentalist cooperation in developing safe, environmentally friendly fracking techniques.
These trends could potentially lead to U.S. energy independence for quite a longer period than was thought possible even just a few years ago. That has spillover implications well beyond investing in the energy sector, as much of today's geopolitical situation is greatly influenced by whether the U.S. is energy independent or not.
TWST: Within the energy sector, what are some of your favorite investment ideas right now, and would you discuss the investment criteria or rationale behind those?
Mr. Miccolis: The way we approach investing in energy is a little different from that of many firms, I think. Once we determine that the energy sector is one that we want to be invested in for fundamental reasons - we decide to allocate a material percentage of the portfolio to energy - then we select what investment vehicles we are going to use to fill that bucket. We used to have our own buy list of individual stocks that we used to fulfill our allocation to the energy and other sectors. For several years, we had been moving increasingly to sector ETFs. Three years ago we completed that transition, so we no longer hold any individual stocks. The ETF world has matured sufficiently that you can fill virtually any niche, no matter how small, with a specialty ETF...
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.
- Personal Investing Ideas & Strategies
- Devon Energy Corporation
- Kinder Morgan Energy Partners