67 WALL STREET, New York - July 16, 2013 - The Wall Street Transcript has just published its Oil & Gas Review 2013 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: Increasing Demand for Midstream Assets - U.S. Energy Infrastructure Build Out - Emerging Shale Plays - Oil and Gas Transportation Infrastructure Demand - Master Limited Partnerships Distribution Growth - Outlook for Natural Gas Liquids - Low Treasury Yields and MLP Dividends
Companies include: SandRidge Energy, Inc. (SD), Chesapeake Energy Corporation (CHK), Breitburn Energy Partners LP (BBEP) and many more.
In the following excerpt from the Oil & Gas Review 2013 Report, an expert analyst discusses the outlook for the sector for investors:
TWST: You mentioned a couple of names earlier. Is there anything you'd add in terms of your current recommendations on the trusts that you do cover?
Mr. Bellamy: We cover three royalty trusts right now, and like I said, we've dropped coverage of a number of trusts that frankly we just didn't want to recommend anymore. Right now we cover Pacific Coast Oil Trust, Whiting USA Trust II (WHZ) and Enduro Royalty Trust. Our favorite trust buy-and-hold for the long term - and what I would own personally if they let me eat my own cooking - is ROYT, and that's 98% oil production from the Santa Maria and Los Angeles Basin in California. We think it has a very good structure; it's a perpetual trust, it's linked to global crude prices. California tends to trade at North Sea Brent prices, which is a premium price versus interior U.S. prices like WTI.
And then longer term, we think that there's potential production upside from their exposure to the Orcutt diatomite. We have a $21 target on ROYT, which implies 30% potential to our target and 9% in total rate of return. We think that's attractive and really well-run. It's actually one of the few that's actively marketed by the folks that run it. The management team is the same folks who run BreitBurn Energy Partners (BBEP), and that's interesting because they are in the market every day and, incidentally while we are not talking about MLPs, today we do like the BreitBurn management team and BBEP as well.
We also have "outperform" ratings on...
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.
Source: http://news.yahoo.com/north-american-oil-gas-royalty-145200879.html
Apple Developer PS4 iOS 7 tim tebow Mac Pro Kingdom Hearts 3 Xbox 360
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.