Disciplined. Consistent. Repeatable.
Our investment research effort combines fundamental securities research with the analysis of energy specific macroeconomic data.
Securities for our portfolios are selected from our database of over 400 oil and gas and energy companies. We rank securities within the subsectors based on growth, valuation and a host of energy industry specific metrics. This process identifies securities that warrant further analysis that includes management meetings and a detailed review of the company’s assets.
For equities, we focus on companies with exceptional management teams with demonstrated track records for building asset value per share with a price below our estimate of intrinsic value.
For master limited partnerships (MLPs), we prefer businesses with midstream assets, strategically located in production basins supported by strong economics with a focus on fee based services.
For corporate bonds, we concentrate on midsized oil and gas producers with assets that provide strong principal and interest coverage with attractive yields relative to the assessed credit risks.