JHME News and Press, John Hancock Multifactor Energy From 08/08/22

Two economic reports from last week, attempting to measure essentially the same thing, reported results that were so different they could be about two different countries. The rising rate, rising dollar environment is intact. The 10 year Treasury rate is in a short-term downtrend but ...

The investment landscape has been much more difficult for most sustainable portfolios since the fourth quarter of last year. One thing that we know is that the sustainability challenges that these stocks are connected to haven’t gone away. If anything, the economic challeng...

It’s hard to believe that even after dramatically outperforming the broad stock market for almost two years now, energy stocks still trade at a massive discount. In that context, however, it’s not hard to understand why executives in the sector have been, and still remai...

The necessary balance between reliable light oil cash flow and more volatile heavy oil cash flow will change for Baytex Energy with the addition of the Clearwater play. The superior Clearwater profitability also affects investment performance throughout the industry cycle. The Cle...

Since the beginning of Russia’s planned Nord Stream 1 maintenance period (from July 11 to 22), European gas storage stock change has dropped below historical averages. Today, Europe is adding significantly less gas to its storage than it has at this time over the past five year...

Despite being dragged down with most other asset classes in June’s selloff, resource equities have continued to exhibit remarkable resilience relative to broad equities, bonds and other real assets over the last year. Many resource companies - particularly in oil and gas explor...

KMI recently reported Q2 results. Overall, results were solid and the outlook is positive. We share 3 important takeaways from the report and earnings call. Kinder Morgan, Inc. ( KMI ) recently reported Q2 results. Overall, results were solid and the outlook for ...

VLO shares have pulled back sharply in recent months, creating an attractive entry point ahead of Q2 earnings. With domestic and international demand strong for refined products, refiners should continue to experience high margins/spreads so long as China remains on the sidelines. ...

Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...

We think the oil/energy price spike from Putin’s war may be plateauing. When oil prices rise, the bonds that are issued by these energy companies get a windfall since their revenue coverage is higher and therefore the coverage of the bonds improves. We are underweight the f...