Opportunities in energy alternatives
Investors looking to invest in the mining and energy sector should be looking at opportunities in alternative energy sources, according to Bennelong Funds Management's director of distribution, Ciaran McAssey.
“When you think about it, pre-financial crisis oil got to $140 a barrel, [and] there is probably a need to find alternative fuel sources ... Gas is relatively cheap to get to market, there’s a large market for it in Asia, so we’re a natural supplier in that space,” he said.
The North-West Gas and Oil Shelf off the coast of Western Australia and the growing liquid natural gas projects in the area, as well as the associated services and stocks attached to it, were an area of interest to Bennelong, he said.
“If you had to look for one particular area, it would be the North West Shelf,” McAssey said.
Papua New Guinean gas was also a sector that investors should find exposure to, he added.
The North West Gas and Oil Shelf was a central theme of Bennelong’s recently launched ex-20 Australian Equities fund portfolio, McAssey added.
AUTHOR
Benjamin Levy
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