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January 2021
Over the last decade, strong growth in production has allowed the U.S. to become a net exporter of natural gas. Both liquefied natural gas (LNG) exports and pipeline exports to Mexico have been growing rapidly, and significant further growth is forecast.
December 2020
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.
The Portfolio Managers of the Hennessy Gas Utility Fund discuss natural gas and electricity demand dynamics, the increased interest in renewable energy, and why utilities, with growing dividends and earnings, present an attractive investment opportunity.
July 2020
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.
June 2020
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.
May 2020
Portfolio Managers of the Hennessy Gas Utility Fund discuss how the COVID-19 outbreak affected natural gas demand, how low oil prices may benefit natural gas, valuations of Utility stocks, and the Fund’s performance and current level of dividends.
March 2020
Energy is a large complex sector that accounts for just over 4% of the S&P 500 Index. 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.
September 2019
Hennessy Gas Utility Fund Portfolio Managers Ryan Kelley and Josh Wein discuss the growth in production and consumption of natural gas and explain why the U.S is on pace to become the world's largest exporter. They describe how infrastructure spending can drive earnings and how portfolio companies have grown their dividend over time.
Over the past decade, U.S. natural gas utility and pipeline companies have significantly increased investment in their infrastructure networks. We believe higher investment is a positive catalyst driving earnings growth for many natural gas distribution companies operating under rate of return (ROR) regulation.
August 2019
In the following commentary, the Portfolio Managers of the Hennessy Gas Utility Fund discuss record levels of production and consumption of natural gas, the increase in demand for natural gas for both exportation and power generation, and the Hennessy Gas Utility Fund.
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