ipl-logo

Fidelity Select Energy Portfolio

685 Words3 Pages

The Fidelity Select Energy Portfolio (“FSENX”) is a mutual fund created in 1981 that is supported and managed by Fidelity Investments. The fund invests primarily in companies in the energy sector, including oil, gas, electricity, nuclear, coal and renewable energy, such as geothermal and solar power. As of early March 2016, about half of the company’s assets are focused on oil and gas [exploration and production] (E&P). The fund is invested in 74 countries, but 91.34% of the company’s holdings are domestic. Following is a look at the Fidelity Select Energy Portfolio's top five holdings. <>Exxon Mobil Corporation<> As of mid-March 2016, 10.08% of the Fidelity Select Energy Portfolio is based on Exxon Mobil Corp. (NYSE: XOM), the world’s largest publicly traded oil and gas company. Exxon Mobil is a favorite of many energy mutual funds. The company is diverse, and has been a consistent performer across a variety of economic conditions. Exxon is engaged in the exploration and production of crude oil and natural gas, the manufacturing of petroleum products, and the transportation and sale of crude oil, natural gas and petroleum products. The company also manufactures …show more content…

(NYSE: EOG) is 6.38% of Fidelity Select Energy Portfolio in mid-March 2016. EOG Resources is a large independent crude oil and natural gas company based in the United Stated, with operations in the United States, Trinidad, the United Kingdom and China. The company is engaged in the exploration, development, and production of natural gas and crude oil reserves. The company’s stock had a rough go recently, due to its direct exposure to natural gas and oil prices. In the one-year period March 2015 to March 2016, EOG’s shares fell almost 12%. As of December 31, 2015, EOG’s total estimated net proved reserves were 2,118 million barrels of oil equivalent [(MMBOE)]. Approximately 97% of these reserves were located in the United States. EOG’s total worldwide production in 2015 was 209

Show More
Related
180 Words | 1 Pages

The petroleum market rose in 1859 after former rail director Edwin Drake successfully unearthed an oil well with his own oil drill. After this breakthrough, investors realized that oil sites made more financial sense than whaling voyages. Whaling was dangerous, time-consuming, and expensive—while often yielding no profit. But oil drilling was generally risk-free, would not cost anyone’s life, and was more likely to yield something profitable with the reliability of Drake’s oil drill. Consequently, many whaling ports lost their funding to oil sites, and kerosene replaced whale oil as America’s leading natural resource.

Read More
2524 Words | 11 Pages

Another misconception is that all of the oil the United States produces, now and in the future, is mostly exported. The truth is, “The United States consumes the vast majority of its refined products The claim that ‘much of this oil is for export’ is actually contrary to the facts, market analysis and what actual refiners and customers of Keystone XL have said. The fact is the U.S. consumes the vast majority of all the refined products it produces. In 2012, only about 9% of U.S. refined on-road motor fuel was exported – the other 91 per cent was consumed in the United States first.”

Read More
860 Words | 4 Pages

No where in the world has anybody discovered this much oil

Read More
79 Words | 1 Pages

Analyzed Husky Energy financial position and performance using its financial statements for a 10 period and benchmarked Husky Energy to the top 5 oil production companies in Canada, while comparing them to the entire Industry averages. We also researched Husky Energy new ventures and whether the current drop in oil price has increased or decreased oil production. And we concluded by evaluating how the innovative technology of the automobile industry may cause future decline in fuel and diesel consumption.

Read More
422 Words | 2 Pages

Some might argue that the creation of Petro-Canada gave rise to huge economic growth in Alberta’s energy sector with their investments of tar sands. From other perspectives, however, one might believe it failed, and was destructive to Alberta and the rest of the country. Not only was it unsuccessful in controlling both domestic and foreign oil prices, it also left an irreversible damage on the environment. Brian Mulroney’s Conservative government, for example, criticize that there was little benefit in the low-price controls, taxes, and heavily incentivized explorations for petroleum, as it resulted in over-reliance of gas and oil. Since the recent merger with Suncor Energy, however, the company seems to be transitioning towards a new, more sustainable energy economy, including in the investments of renewable energy.

Read More
667 Words | 3 Pages

The oil in Alberta is much thicker and is harder to to extract and to refine in to a lighter crude. If they move to a place where it is cheaper to extract the resource. (2) This ties into our second solution “Expand there operations to other locations e.g. Texas and/or Nova Scotia” Texas is a good location to extract both light crude and natural gas. This will be good for the company as they will extract oil far cheaper and that will lead to an increases in stock price.

Read More
941 Words | 4 Pages

EOG Resources – Share of EOG Resources (NYSE:EOG) picked up approximately 18%, since its 52 weeks of low of $60.24 a share on January 20, due a 7% increase in the oil price so far this year. This should have a positive impact on its financial performance in the first-quarter of 2016, considering the fact that EOG is taking various steps to survive this downturn efficiently. This includes, reduction in costs & capital spending, improving operational efficiencies through continued focus on innovative technology, shifting focus to premium locations that generates 30% rate of return at $40 per barrel of oil prices and improving balance sheet. Let us look at these initiatives in details. Reduction in costs and capital expenditure

Read More
711 Words | 3 Pages

Although there has been a delay in oil and gas production in recent years, continuous state is an important substance in the US petrochemical industry. Of the US $ 747 billion in domestic refined oil production, US $ 71 billion (9.5% of all domestic production) is attributed to coastal

Read More
1898 Words | 8 Pages

Exxon has extremely effectively employed the strategies of training and strong leadership style to not only educate workers on obvious potential risks but also identify areas of high risks and employee policies to combat

Read More
690 Words | 3 Pages

Thanks to the success of U.S. oil companies, which are engaging in hydraulic fracturing, or “fracking”, the United States might soon pass Saudi Arabia as the world’s largest oil producer. U.S. oil production has risen to 7.4 million barrels per day and the U.S. Energy Information Administration predicts that U.S. production will return to 1970 levels by 2019. In the past five years, the daily oil production in America increased by 3.7 million barrels, which reduced America’s import of oil by 44%. Oil being produced in regions like the Eagle Ford increased from virtually zero to 1.5 million barrels a day thanks to fracking. There are two types of how the U.S gets his oil.

Read More
1330 Words | 6 Pages

If UW-Madison’s divestment from fossil fuels created a big enough wave in the media, fossil fuel companies might start to worry even if the divestment had little economic

Read More
144 Words | 1 Pages

The Vanguard Materials ETF tracks a very broad market-cap-weighted index of US materials companies. VAW offers extremely broad exposure to the USbasic materials segment thanks to a highly representative market-cap-weighted index. While it has a noteworthy large-cap tilt, there's considerable overlap between VAW's holdings and our segment benchmark, and the only meaningful bet it makes is the addition of fishing, farming, and industrial conglomerate firms to the portfolio. In all, it's a fantastic take on the sector. It's also easy to trade, with deep liquidity in both the primary and secondary markets.

Read More
1123 Words | 5 Pages

Exxon exercises unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritize all quality resources in a cost-effective manner. Exxon’s strategy is a cost leadership strategy in the upstream segment by outperforming the competition—creating a comparable value at low-cost—using core competencies: industry-leading technology and capabilities, disciplined approach to investing and cost management, and operations

Read More
995 Words | 4 Pages

Exxon had already lost a lot of reputation. Also, there was no way to mitigate the risks caused by the environment. Hence, I am of the opinion that this is not the best place for EM to build an image as a responsible environmental citizen.

Read More
1601 Words | 7 Pages

In the Oil & Gas Industry the competition is significantly intensive, with the market being ruled by big giants such as Exxon Mobil, Total, ConocoPhillips, British Petroleum, Chevron and the Royal Dutch Shell etc. Appendix A shows the market values of these super majors. The market is over ruled by three different types of players. 1.

Read More

More about Fidelity Select Energy Portfolio

Related Topics

Open Document