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March 2024
Energy is a large and complex sector. The sector’s broad sub-industries can be divided into a “value chain,” each segment of which has different characteristics and offers different investment opportunities.
January 2024
The Portfolio Managers share their insights on capital expenditure spending, fluctuations of natural gas prices, how Midstream and MLP companies have historically outperformed during periods of high inflation, and the current investment case for midstream companies.
Portfolio Managers Ben Cook and Josh Wein summarize the Energy sector in 2023, the emphasis on capital discipline, reasons for consolidation, where the Fund is finding opportunity, and valuations and free cash flow yields.
November 2023
The Portfolio Managers of the Hennessy Gas Utility Fund discuss the higher interest rate environment and how the Fund has performed historically. They also talk about the Fund’s current composition, earnings growth, and dividends along with valuation of the Utilities sector.
September 2023
With a global shift to renewable energy and rising urbanization, copper demand is expected to grow while supply remains constrained. We believe copper miners, such as Freeport-McMoRan, are poised to benefit from this trend.
July 2023
Many midstream companies offer a higher-quality balance sheet, consistent distribution growth, and a higher distribution coverage. Read our investment case for midstream equities.
April 2023
The Portfolio Managers of the Hennessy Gas Utility Fund discuss the production and demand dynamics of natural gas since the pandemic, including liquefied natural gas (LNG) exports and natural gas bans. They also provide an investment case for the Hennessy Gas Utility Fund.
Portfolio Manager Ben Cook, CFA discusses his thoughts on production and demand for the primary fuel mix, a continuation of buybacks and dividends in the Energy sector, and where the Fund is finding opportunity.
March 2023
The Portfolio Managers share their insights on capital expenditure spending, fluctuations of natural gas prices, how midstream and MLP companies have historically outperformed during periods of high inflation, and the current investment case for midstream companies.
Richard Meyer from the American Gas Association and Hennessy Gas Utility Fund (GASFX/HGASX) Portfolio Manager Ryan Kelley recently provided insights into the natural gas industry as well as compelling investment opportunities in natural gas utilities.
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