Ryan Kelley, CIO of Hennessy Funds, provides his mid-year review and outlook on what lies ahead, emphasizing a long-term perspective.
The Portfolio Managers share their insights on the macroenvironment driving midstream companies, as well as midstream companies’ advantages in an inflationary environment, valuations, and payout levels.
Ryan Kelley, CFA, Portfolio Manager of the Hennessy Gas Utility Fund and Ben Cook, CFA, Portfolio Manager of the Hennessy Energy Fund and Hennessy Midstream Fund recently shared their insights on the natural gas and energy sectors.
With the coming energy transition where carbon emissions will be required to be significantly reduced, we believe natural gas plays a role as an essential bridge to a more sustainable and reliable energy future that will also help meet the needs of the growing global energy demand.
The Portfolio Managers of the Hennessy BP Midstream Fund share their insights on the effect of intense summer temperatures, potentially rising rates, and global energy demand on midstream companies. They also discuss current valuations, payouts, and buybacks in the sector.
In his mid-year outlook, Hennessy Funds’ CIO Ryan Kelley reflects on the past year and shares his thoughts for the future.
The market showed strength and resilience in 2020, hitting all-time record highs in December. With promising vaccines, historically low interest rates, and strong fundamentals, there is optimism for equities in 2021.
Midstream energy companies have long been attractive to yield-seeking investors. With historically low valuations and the potential for stock buybacks and rising payouts, now may be an extremely opportune time to consider adding exposure to the sector.
Portfolio Manager Ben Cook, CFA, shares his insights on the current state of the energy market, discusses valuations and yields for midstream companies, and details the factors that set these companies apart.
On a recent conference call, Portfolio Managers Ryan Kelley of the Hennessy Gas Utility Fund and Ben Cook of the Hennessy BP Energy Fund and Hennessy BP Midstream Fund shared their insights on the impact of the current economy on supply and demand dynamics and commodity prices for the oil and natural gas industries.