Baron Energy and Resources 3Q17: US E&P Outlook

Baron Energy and Resources Fund 3Q17 Letter, November 2017 Another volatile and eventful one for the energy sector. Started the quarter with another awful two months, despite the fact that oil prices were essentially flat After end of August, oil prices rallied 9.3%. Fund only gained 0.62% during 3Q17 compared to S&P North American Natural […]

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FPA Capital 3Q17: One of Those Rare Times to Own a Significant Position in Oil & Gas

FPA Capital Fund 3Q17 Commentary, September 2017 Portfolio Alterations As value investors, we recognize there are opportunities hidden in plain sight that allow us to invest in businesses at attractive valuations, such as when a thematic view impacts an entire sector and ignores company-specific details For this reason, tend to spend a reasonable amount of […]

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