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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil has had demand headwinds but maintains underlying growth, says Hotchkis & Wiley's Stan MajcherStan Majcher, portfolio manager at Hotchkis & Wiley, joins 'The Exchange' to discuss today's energy sector surge, strength in oil demand, long term oil supply concerns.
Persons: Stan Majcher Stan Majcher Organizations: Hotchkis, Wiley
That has hurt shares of energy companies: after soaring in 2022, the S&P 500 energy sector (.SPNY) has lost nearly 10% this year, making it the index’s worst performing sector. Most investors believe central bank interest rate hikes to fight inflation should keep a lid on global growth for the time being. Yet some are positioning for a rebound in energy shares, drawn by attractive valuations and signs the U.S. will continue to stave off an economic downturn. Stan Majcher, a portfolio manager at Hotchkis & Wiley, is among those counting on oil prices rebounding due to tight supply. “If you don’t get it, the path of least resistance is for oil prices to move much higher," he said.
Persons: Brent, David Lefkowitz, Baker Hughes, Stan Majcher, Refinitiv, Charles Lemonides, Sam Peters, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: YORK, UBS Wealth Management, UBS, Federal Reserve, TD Securities, . West Texas, Brent, U.S, drillers, Hotchkis, Wiley, Kosmos Energy Ltd, Bank of America Survey, Hess Corp, Occidental Petroleum Corp, ClearBridge Investments, Thomson Locations: U.S, China, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnder supply of oil will lead to very high prices, says Hotchkis' Stan MajcherStan Majcher, Hotchkis & Wiley portfolio manager, joins 'The Exchange' to discuss consolidation in the oil and gas sectors.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiggest headwind for oil is weak global consumer spending, says Hotchkis' Stan MajcherStan Majcher, Hotchkis & Wiley Mid Cap Fund portfolio manager, joins 'The Exchange' to discuss gasoline futures and America's role in oil production.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe real danger with OPEC production cut is oil's short-term supply, says Stan MajcherStan Majcher, Hotchkis & Wiley Mid-Cap Value Fund portfolio manager, joins 'The Exchange' to discuss why OPEC+ decided to cut production, what happens to oil and gas in the long-term and more.
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