Articles from Pickering Energy Partners LP

Opportune LLP, a leading Houston, TX-based global business advisory firm, has acquired the Consulting & Advocacy Practice of Pickering Energy Partners LP (“PEP”). Practice leader Dan Romito and his team will join Opportune to advise clients and lead the firm’s growing sustainability and energy expansion practices.

The energy sector has outperformed the S&P 500 by 146% over the last two years so investors often question if this cycle is about over. However, energy cycles typically don’t end until the capital investment cycle has peaked and this one has just begun. The economic cycle may create headwinds for energy stocks as a recession creates headwinds for all stocks, but we believe relative performance is more a function of the capital investment cycle. Reinvestment rates and upstream investment are at the lowest levels in years, which should continue to drive outperformance as global supply remains constrained. Major takeaways include: