A consortium of Oil India, Indian Oil and Bharat Petroleum took another 23.9%. It also bought 30% stake in another Rosneft subsidiary, Taas-Yuriakh. Together, these constitute a $5 b investment. ONGC Videsh's earlier investments in Russia also total $5 .
on the group: Speculative bets on rising oil prices have dropped to the lowest level in 14 months after being at “extreme highs” in February, a sign that the bulls have given up on the bet; actively managed mutual funds are well underweight energy.
portfolio manager for the ICON Energy Fund. Rollingson makes the case for investing in energy stocks despite oil prices being down in 2017, noting companies are becoming more efficient, growing earnings and stand to benefit from developing countries.
A stable domestic economy is also expected to boost overall crude demand. Recent recovery in oil prices pushed the energy sector northward. So, mutual funds that have significant exposure to the energy sector could be solid investments. Mutual funds are.
Fidelity Select Energy Fund FSENX seeks capital appreciation. FSENX normally invests at least 80% of assets in common stocks of companies principally engaged in the energy field, including the conventional areas of oil , gas, electricity, and coal, and.
TTP invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure ... closed-end funds, mutual funds, private.
Our panelists share a middling near-term outlook for oil prices, but have plenty of ideas about how to profit from energy innovation, even if oil prices don't rise much soon. Their favorite investments include master limited partnerships, such as.
NEW YORK (Reuters) - Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back up in crude supplies pushed U.S. crude oil futures down more than 2.5 percent.
It's been another ugly day for "Big Energy ," with 52-week lows again for everything across the board, including big oil like Exxon Mobil; oil service names like Schlumberger and Halliburton; exploration and production names like Hess, Apache, Anadarko.
is the top-rated Energy mutual fund. PHO earns a Neutral rating and BPEAX earns a Very Dangerous rating. The iShares U.S. Oil Equipment & Services ETF (IEZ) is the worst rated Energy ETF and the Oak Ridge Global Resources & Infrastructure Fund (INNNX.
Alternative energy investments like wind and solar power have not performed well in recent years. To make matters worse, the Trump administration has opted for a resurgence of coal and other carbon fuels, not an emphasis on alternative energy . Yet.