The commodities market is a "much more constructive place to invest" right now — and "integrated" names in the energy sector in particular are "extremely attractive," according to one portfolio manager.
For now, Dunn said, he is "certainly concerned about and paying attention to the U.S. onshore shale era," when evaluating what equities to invest in.
Integrated energy companies typically engage in the exploration, production, refinement, and distribution of oil and gas.
"It's a U.S. company, but they have a lot of assets outside the U.S. and they have been investing outside the U.S.," he said.
'Uncover interesting equities' While the ongoing pullback in the U.S. stock market presents concerns on what stocks to invest in, Dunn said it can help "uncover very interesting equities."
Persons:
Aaron Dunn, CNBC's, Dunn, they're, TotalEnergies, Stocks
Organizations:
Morgan Stanley Investment Management, ExxonMobil, Chevron, BP, ConocoPhillips, Constellation Brands, BJ's Wholesale
Locations:
U.S, British, Netherlands, Qatar, Australia