The first offering from the Fisher Investments On investing series is a comprehensive guide to the Energy sector. The book can benefit both new and seasoned investors, covering everything from Energy sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid. Azelton and Teufel demonstrate a method for uncovering performance and risk management opportunities and show the readers how they can do it, too. Filled with detailed graphs and tables, unique insight, and practical advice, Fisher Investments on Energy can provide readers with a solid…mehr
The first offering from the Fisher Investments On investing series is a comprehensive guide to the Energy sector. The book can benefit both new and seasoned investors, covering everything from Energy sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid. Azelton and Teufel demonstrate a method for uncovering performance and risk management opportunities and show the readers how they can do it, too. Filled with detailed graphs and tables, unique insight, and practical advice, Fisher Investments on Energy can provide readers with a solid foundation in this sector. For more information visit www.energy.fisherinvestments.comHinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Aaron M. Azelton (San Francisco, California) is an equity research analyst covering the Energy sector at Fisher Investments. He graduated from the University of California at Berkeley with a B.A. in Economics. He has been with Fisher Investments since 2002. Aaron grew up in Santa Monica, California, and is currently living in San Francisco. Andrew S. Teufel (San Francisco, California) has been a member of Fisher Investments research staff since 1995 and is currently Co-President and Director of Research. Prior to joining the firm, he worked at Bear Stearns as a corporate finance analyst. He is a graduate of the University of California at Berkeley, and has lectured at the Haas School of Business on topics in investment management. Andrew has conducted hundreds of investment seminars and educational workshops throughout the US and the United Kingdom. He also serves as Editor-in-Chief of MarketMinder.com.
Inhaltsangabe
Foreword ix Preface xi Acknowledgments xv Part 1: Getting Started in Energy 1 Chapter 1: Energy Basics 3 Oil & Gas Industry 4 Energy Equipment & Services Industry 14 Chapter 2: What Makes Energy Burn: Key Drivers of the Energy Sector 19 Oil Demand Drivers 20 Oil Supply Drivers 30 Natural Gas Demand Drivers 40 Natural Gas Supply Drivers 45 Additional Drivers 52 Part 2: Next Steps: Energy Details 61 Chapter 3: Energy Sector Breakdown 63 Global Industry Classification Standard (GICS) 64 Global Energy Benchmarks 65 Oil, Gas, & Consumable Fuels Industry 70 Energy Equipment & Services Industry 82 Sub-Industry Drivers 88 Chapter 4: Why We'll Never Run Dry 103 The World Will Never Run Out of Oil 104 The Tipping Point? 109 Peak Oil and You 116 Peak Oil Reading 118 Chapter 5: Staying Current: Tracking Industry Fundamentals 121 Crude Oil Market Fundamentals 121 Natural Gas Market Fundamentals 131 Refining Margin Fundamentals 136 Energy Equipment & Services Fundamentals 144 Chapter 6: Alternative Energy 151 What Is Alternative Energy? 152 Alternative Energy Drivers 167 Alternative Energy Investment Universe 170 Part 3: Thinking Like a Portfolio Manager 175 Chapter 7: The Top-Down Method 177 Investing Is a Science 177 Einstein's Brain and the Stock Market 178 The Top-Down Method 180 Top-Down Deconstructed 185 Managing Against an Energy Benchmark 193 Chapter 8: Security Analysis 197 Make Your Selection 198 A Five-Step Process 199 Important Questions to Ask 207 Chapter 9: Energize Your Portfolio 217 Strategy 1: Commoditize 218 Strategy 2: Playing Sub-Industries 219 Strategy 3: Company Bets 228 More Sub-Industry Tips 228 Appendix: Energy Sector Resources 233 Notes 236 Glossary 243 About the Authors 249 Index 250
Foreword ix Preface xi Acknowledgments xv Part 1: Getting Started in Energy 1 Chapter 1: Energy Basics 3 Oil & Gas Industry 4 Energy Equipment & Services Industry 14 Chapter 2: What Makes Energy Burn: Key Drivers of the Energy Sector 19 Oil Demand Drivers 20 Oil Supply Drivers 30 Natural Gas Demand Drivers 40 Natural Gas Supply Drivers 45 Additional Drivers 52 Part 2: Next Steps: Energy Details 61 Chapter 3: Energy Sector Breakdown 63 Global Industry Classification Standard (GICS) 64 Global Energy Benchmarks 65 Oil, Gas, & Consumable Fuels Industry 70 Energy Equipment & Services Industry 82 Sub-Industry Drivers 88 Chapter 4: Why We'll Never Run Dry 103 The World Will Never Run Out of Oil 104 The Tipping Point? 109 Peak Oil and You 116 Peak Oil Reading 118 Chapter 5: Staying Current: Tracking Industry Fundamentals 121 Crude Oil Market Fundamentals 121 Natural Gas Market Fundamentals 131 Refining Margin Fundamentals 136 Energy Equipment & Services Fundamentals 144 Chapter 6: Alternative Energy 151 What Is Alternative Energy? 152 Alternative Energy Drivers 167 Alternative Energy Investment Universe 170 Part 3: Thinking Like a Portfolio Manager 175 Chapter 7: The Top-Down Method 177 Investing Is a Science 177 Einstein's Brain and the Stock Market 178 The Top-Down Method 180 Top-Down Deconstructed 185 Managing Against an Energy Benchmark 193 Chapter 8: Security Analysis 197 Make Your Selection 198 A Five-Step Process 199 Important Questions to Ask 207 Chapter 9: Energize Your Portfolio 217 Strategy 1: Commoditize 218 Strategy 2: Playing Sub-Industries 219 Strategy 3: Company Bets 228 More Sub-Industry Tips 228 Appendix: Energy Sector Resources 233 Notes 236 Glossary 243 About the Authors 249 Index 250
Es gelten unsere Allgemeinen Geschäftsbedingungen: www.buecher.de/agb
Impressum
www.buecher.de ist ein Internetauftritt der buecher.de internetstores GmbH
Geschäftsführung: Monica Sawhney | Roland Kölbl | Günter Hilger
Sitz der Gesellschaft: Batheyer Straße 115 - 117, 58099 Hagen
Postanschrift: Bürgermeister-Wegele-Str. 12, 86167 Augsburg
Amtsgericht Hagen HRB 13257
Steuernummer: 321/5800/1497
