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Top related persons:
Kevin Holt - 1 Hess - 1 Holt - 1 hasn't - 1 XOM - 1 Chevron's - 1 Tengiz - 1
Top related locs:
Guyana U.S Stabroek FSTEX Kazakhstan Holt Tengiz
Top related orgs:
Exxon Mobil - 1 Chevron - 1 Invesco Energy - 1 Exxon - 1 Hess Corp - 1 Hess - 1 Chevron Chevron - 1

Search resuls for: "FSTEX"


2 mentions found


☆ Chevron could outperform Exxon if battle over Guyana assets is resolved this year, fund manager says
  + stars: | 2024-05-31 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +4 min
Exxon and Chevron are the fund's top two holdings , representing 9.73% and 9.27% of total assets in FSTEX as of April 30. Exxon vs. Chevron Chevron came into the year facing production issues in the Permian Basin and cost overruns at its Tengiz project in Kazakhstan that frustrated investors, Holt said. And investors have taken notice of Exxon's lead position in the lucrative offshore oil development in Guyana. Chevron would look very attractive if the Hess deal closes due to the latter's large stake in Guyana, he said. "There's a little concern that if Chevron doesn't do the Hess deal, then they have to go and do another deal," Holt said.
Persons: Kevin Holt, Hess, Holt, hasn't, XOM, Chevron's, Tengiz Organizations: Exxon Mobil, Chevron, Invesco Energy, Exxon, Hess Corp, Hess, Chevron Chevron Locations: Guyana, U.S, Stabroek, FSTEX, Kazakhstan, Holt, Tengiz
☆ Analysis: Wood’s ARK slammed by higher interest rates in 2022 along with other growth funds
  + stars: | 2022-12-27 | by ( David Randall | ) www.reuters.com   time to read: +4 min
The ARK Innovation Fund has lost around 67% year to date, more than tripling the decline of the S&P 500 index (.SPX). With the S&P 500 on pace for its biggest annual decline since the Great Financial Crisis, few funds are likely to escape 2022 unscathed. Wood's fund ranked 3,544 among all 3552 actively-managed U.S. equity mutual funds tracked by Morningstar. The worst performing fund of the year, by comparison, was the Voya Russia fund, which is down 92% for the year to date. CRASH LANDINGOther funds that soared in recent years on the backs of large bets on technology stocks fell on hard times in 2022.
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