Fund managers wading into oil stocks - citing long term fundamentals

Fund managers wading into oil stocks - citing long term fundamentals. Sam Le Cornu, a portfolio manager at Macquarie in Hong Kong says We're looking at all energy shares at the moment. We would rather buy commodity stocks when oil prices are low like right now, rather than chasing momentum. With oil you need to be very long term, it's a finite resource and not recyclable like copper or gold, so for us it's one of the commodities where we are more confident of buying on these very strong pullbacks. Don Williams, the CIO at Platypus agrees, saying we invest in oil stocks that have at least 10 or more typically 20 year projects and we think the fair value for the long term oil prices is a lot higher than where we are today. (VIEW LINK)


The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.