As the first offering from the comprehensive "Fisher
Investments On" investing series from Fisher Investments
Press, editors Aaron Azelton and Andrew Teufel demonstrate how to
integrate the energy sector into a more comprehensive portfolio
strategy. This reliable resource draws on the same insight and
research Fisher Investments uses in managing over $47 billion for
high-net-worth individuals and institutions globally. The book
benefits both new and seasoned investors, covering everything from
energy sector basics to specific industry insights to practical
investing tactics including common pitfalls to avoid. Azelton and
Teufel demonstrate how professional analysts uncover performance
and risk-management opportunities--and show the readers how they
can do it too. Filled with detailed graphs and tables, unique
insight and practical advice, "Fisher Investments on
Energy" will provide readers with a solid foundation in this
sector and show them how to profit from it.
The Fisher Investments on Energy
The Fisher Investments on series is designed to provide individual
investors, aspiring investment professionals, and students the
tools necessary to understand and analyze investment
opportunities-primarily for investing in global stocks. Each guide
is an easily accessible primer to economic sectors, regions, or
other components of the global stock market. While this guide
specifically focuses on Energy, the basic investment methodology is
applicable for analyzing any global sector, regardless of the
current macroeconomic environment.
Following a top-down approach to investing, Fisher Investments on
Energy can help you make more informed decisions within the Energy
sector. It skillfully addresses how to approach your
portfolio's Energy allocation, how to determine which Energy
sub-industries have the potential to perform well, and how
individual stocks can benefit in various environments. The global
Energy sector is complex, covering multiple sub-industries and
countries-each with unique characteristics. Using the framework
found here, you can discover how to identify these differences,
spot opportunities, and avoid major pitfalls.
Divided into three comprehensive parts-Getting Started, Energy
Details, and Thinking Like a Portfolio Manager-Fisher Investments
on Energy:
- Discusses Energy's drivers, including all the supply and
demand components of its main drivers-oil and natural gas
prices
- Takes you through the seven sub-industries within the global
Energy sector and reveals how they operate
- Addresses the challenges of today's Energy sector, including
peak oil and alternative energy
- Delves into top-down investment methodology as well as individual
security analysis
- Outlines a five-step process to help differentiate firms in this
field-designed to help you identify ones with the greatest
probability of outperforming
- Provides investment strategies for a variety of market
environments
Filled with in-depth insights and expert advice, Fisher Investments
on Energy provides a framework for understanding this sector and
its industries, to help you make better investment decisions-now
and in the future. With this book as your guide, you'll gain a
global perspective of the Energy sector in your quest to achieve
consistent success in it.
Aaron M. Azelton is an equity research analyst covering the Energy sector at Fisher Investments. He graduated from the University of California at Berkeley with a BA in economics. Azelton has been with Fisher Investments since 2002. He grew up in Santa Monica, California, and is currently living in San Francisco.
Andrew S. Teufel has been a member of Fisher Investments' research staff since 1995 and is currently Co-President and Director of Research. Prior to joining the firm, he worked at Bear Stearns as a corporate finance analyst. Teufel is a graduate of the University of California at Berkeley, and has lectured at the Haas School of Business on topics in investment management. He has conducted hundreds of investment seminars and educational workshops throughout the United States and the United Kingdom. Teufel also serves as Editor in Chief of MarketMinder.com.
Inhaltsangabe
Preface
Part 1. Getting Started in Energy
Chapter 1. Energy Basics
Oil & Gas Industry
Energy Equipment & Services Industry
Chapter 2. What Makes Energy Burn: Key Drivers of the Energy Sector
