Latest news with #RobThummel
CNBC
2 days ago
- Business
- CNBC
How investors can play the nuclear energy supply chain
Rob Thummel, Tortoise Capital portfolio manager, joins 'Power Lunch' to discuss the supply chain for power and how investors can capitalize.
Yahoo
16-04-2025
- Business
- Yahoo
Is ConocoPhillips (NYSE:COP) the Best Undervalued Energy Stock to Invest in Now?
We recently published a list of the 11 Best Undervalued Energy Stocks to Invest in Now. In this article, we are going to take a look at where ConocoPhillips (NYSE:COP) stands against other undervalued energy stocks. On March 18, Tortoise Capital senior portfolio manager Rob Thummel appeared on CNBC's 'Squawk on the Street' to discuss his outlook on the energy sector. He believes that natural gas is positioned to lead growth in the future within the energy sector. This natural gas demand is driven by electricity and energy exports. Thummel noted that the energy and tech sectors are converging due to advancements like AI and data centers. Electricity demand fuels natural gas consumption, while US energy exports help meet global needs for low-cost and low-carbon energy. He also highlighted that the US is now emerging as the largest exporter of LNG, even though it was an LNG importer just years ago. He anticipates that the US LNG exports will soon 2x in volume over time. Thummel also expects Europe and other countries to prioritize energy security and diversify their supply sources. This will ensure reliance on US energy exports. Thummel emphasized a focus on energy infrastructure companies while discussing his specific investment strategies as they tend to be stable and have high dividend yields even in uncertain market conditions. He thinks that the certainty provided by energy infrastructure investments in an otherwise volatile market should not be neglected. Such companies generate substantial annual cash flows while maintaining disciplined financial practices. Thummel thinks that the energy sector trades at a discount to historical valuations despite its fundamentals. This offers the potential for high returns. We used the Finviz stock screener to compile a list of the top energy stocks that had a forward P/E ratio under 15 as of April 10. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An underground network of pipelines transporting oil through an expansive terrain. Forward P/E Ratio as of April 10: 10.98 Number of Hedge Fund Holders: 86 ConocoPhillips (NYSE:COP) explores, produces, transports, and markets crude oil, bitumen, natural gas, LNG, and natural gas liquids. Its segments include Alaska, Lower 48, Canada, Europe, Middle East & North Africa, Asia Pacific, and International. Its portfolio includes unconventional plays, conventional assets, global LNG developments, oil sands assets, and an inventory of global exploration prospects. The company's Lower 48 segment delivered a 5% production growth year-over-year for the full year 2024. This contributed to the company's overall 4% production growth. In Q4, the Lower 48 produced 1,308,000 barrels of oil equivalent per day. By basin, the production breakdown was 833,000 barrels in the Permian, 296,000 barrels in the Eagle Ford, and 151,000 barrels in the Bakken. The acquisition of Marathon in late November 2024 also enhanced the Lower 48 portfolio and added high-quality and low-cost supply inventory. ConocoPhillips (NYSE:COP) expects to achieve over $1 billion of run-rate synergies by the end of 2025. A substantial portion of this is already reflected in the capital guidance. The company also plans to reduce capital spending in the Lower 48 by ~$1.4 billion. Overall, COP ranks 2nd on our list of the best-undervalued energy stocks to invest in now. While we acknowledge the growth potential of COP, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than COP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Is Shell (NYSE:SHEL) the Best Undervalued Energy Stock to Invest in Now?
We recently published a list of the 11 Best Undervalued Energy Stocks to Invest in Now. In this article, we are going to take a look at where Shell (NYSE:SHEL) stands against other undervalued energy stocks. On March 18, Tortoise Capital senior portfolio manager Rob Thummel appeared on CNBC's 'Squawk on the Street' to discuss his outlook on the energy sector. He believes that natural gas is positioned to lead growth in the future within the energy sector. This natural gas demand is driven by electricity and energy exports. Thummel noted that the energy and tech sectors are converging due to advancements like AI and data centers. Electricity demand fuels natural gas consumption, while US energy exports help meet global needs for low-cost and low-carbon energy. He also highlighted that the US is now emerging as the largest exporter of LNG, even though it was an LNG importer just years ago. He anticipates that the US LNG exports will soon 2x in volume over time. Thummel also expects Europe and other countries to prioritize energy security and diversify their supply sources. This will ensure reliance on US energy exports. Thummel emphasized a focus on energy infrastructure companies while discussing his specific investment strategies as they tend to be stable and have high dividend yields even in uncertain market conditions. He thinks that the certainty provided by energy infrastructure investments in an otherwise volatile market should not be neglected. Such companies generate substantial annual cash flows while maintaining disciplined financial practices. Thummel thinks that the energy sector trades at a discount to historical valuations despite its fundamentals. This offers the potential for high returns. We used the Finviz stock screener to compile a list of the top energy stocks that had a forward P/E ratio under 15 as of April 10. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A gas refinery lit up against the night sky, showing the scale of the company's petrochemical operations. Forward P/E Ratio as of April 10: 8.23 Number of Hedge Fund Holders: 54 Shell (NYSE:SHEL) is an energy and petrochemical company that operates through Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions segments. It explores and extracts crude oil and natural gas liquids, along with natural gas to produce liquefied natural gas or convert it into gas-to-liquid products, and operates upstream and midstream infrastructure to deliver gas to market. The company's Integrated Gas segment has a strong emphasis on LNG. The total sales volumes for LNG reached 15.5 million tonnes in 2024, with liquefaction volumes at 7.1 million tonnes. Shell (NYSE:SHEL) is expanding its global presence in LNG infrastructure with projects like LNG Canada and Prelude FLNG. In February, the company awarded a $70 million contract to Noble for the use of its semi-submersible rig, called Noble Developer, in the Americas. This 180-day contract included mobilization and demobilization and is expected to commence in Q3 2026. Instances like the Pavilion acquisition and the Ruwais LNG project in Abu Dhabi also highlight the company's commitment to making expansions in the global LNG market. Overall, SHEL ranks 11th on our list of the best-undervalued energy stocks to invest in now. While we acknowledge the growth potential of SHEL, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SHEL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Exxon Mobil (XOM): The Best Undervalued Energy Stock to Invest in Now
We recently published a list of the 11 Best Undervalued Energy Stocks to Invest in Now. In this article, we are going to take a look at where Exxon Mobil Corporation (NYSE:XOM) stands against other undervalued energy stocks. On March 18, Tortoise Capital senior portfolio manager Rob Thummel appeared on CNBC's 'Squawk on the Street' to discuss his outlook on the energy sector. He believes that natural gas is positioned to lead growth in the future within the energy sector. This natural gas demand is driven by electricity and energy exports. Thummel noted that the energy and tech sectors are converging due to advancements like AI and data centers. Electricity demand fuels natural gas consumption, while US energy exports help meet global needs for low-cost and low-carbon energy. He also highlighted that the US is now emerging as the largest exporter of LNG, even though it was an LNG importer just years ago. He anticipates that the US LNG exports will soon 2x in volume over time. Thummel also expects Europe and other countries to prioritize energy security and diversify their supply sources. This will ensure reliance on US energy exports. Thummel emphasized a focus on energy infrastructure companies while discussing his specific investment strategies as they tend to be stable and have high dividend yields even in uncertain market conditions. He thinks that the certainty provided by energy infrastructure investments in an otherwise volatile market should not be neglected. Such companies generate substantial annual cash flows while maintaining disciplined financial practices. Thummel thinks that the energy sector trades at a discount to historical valuations despite its fundamentals. This offers the potential for high returns. We used the Finviz stock screener to compile a list of the top energy stocks that had a forward P/E ratio under 15 as of April 10. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial view of a major oil rig in the middle of the sea, pumping crude oil. Forward P/E Ratio as of April 10: 13.77 Number of Hedge Fund Holders: 104 Exxon Mobil Corporation (NYSE:XOM) manufactures, trades, transports, and sells crude oil, natural gas, petroleum products, petrochemicals, and other specialty products. It's also pursuing lower-emission and other business opportunities, such as carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. The acquisition of Pioneer assets has strengthened the company's position in the Permian basin. In 2024, the company achieved record production from both its Heritage ExxonMobil assets and the newly acquired Pioneer assets. The combined strength of these assets is projected to yield an average of more than $3 billion per year in synergies. Production is expected to increase from 1.5 million oil-equivalent barrels per day at the end of 2024 to 2.3 million barrels per day by 2030. This represents ~50% growth. The Permian Basin is a key contributor to Exxon Mobil Corp.'s (NYSE:XOM) overall upstream portfolio, which achieved the highest-ever production from its advantaged assets and the highest liquid production from its overall portfolio in more than 40 years. The company's focus on low-cost supply, low emissions intensity, and high returns in the Permian ensures that this segment will continue to drive growth. Overall, XOM ranks 1st on our list of the best undervalued energy stocks to invest in now. While we acknowledge the growth potential of XOM, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than XOM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
TechnipFMC (FTI): Among the Best Undervalued Energy Stocks to Invest in Now
We recently published a list of the 11 Best Undervalued Energy Stocks to Invest in Now. In this article, we are going to take a look at where TechnipFMC plc (NYSE:FTI) stands against other undervalued energy stocks. On March 18, Tortoise Capital senior portfolio manager Rob Thummel appeared on CNBC's 'Squawk on the Street' to discuss his outlook on the energy sector. He believes that natural gas is positioned to lead growth in the future within the energy sector. This natural gas demand is driven by electricity and energy exports. Thummel noted that the energy and tech sectors are converging due to advancements like AI and data centers. Electricity demand fuels natural gas consumption, while US energy exports help meet global needs for low-cost and low-carbon energy. He also highlighted that the US is now emerging as the largest exporter of LNG, even though it was an LNG importer just years ago. He anticipates that the US LNG exports will soon 2x in volume over time. Thummel also expects Europe and other countries to prioritize energy security and diversify their supply sources. This will ensure reliance on US energy exports. Thummel emphasized a focus on energy infrastructure companies while discussing his specific investment strategies as they tend to be stable and have high dividend yields even in uncertain market conditions. He thinks that the certainty provided by energy infrastructure investments in an otherwise volatile market should not be neglected. Such companies generate substantial annual cash flows while maintaining disciplined financial practices. Thummel thinks that the energy sector trades at a discount to historical valuations despite its fundamentals. This offers the potential for high returns. We used the Finviz stock screener to compile a list of the top energy stocks that had a forward P/E ratio under 15 as of April 10. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close up of a worker tightening a valve on an oil rig. Forward P/E Ratio as of April 10: 12.59 Number of Hedge Fund Holders: 56 TechnipFMC plc (NYSE:FTI) engages in energy projects, technologies, systems, and services businesses. It has two segments: Subsea and Surface Technologies. It mainly offers the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipeline systems which are used in oil & natural gas production and transportation. In 2024, Subsea inbound orders reached $10.4 billion, which marked the 4th consecutive year with a book-to-bill ratio greater than one. The Subsea segment benefits from the company's integrated model, iEPCI, and its configurable product architecture, Subsea 2.0. iEPCI orders grew ~25% year-over-year due to client projects across 6 offshore basins. Subsea 2.0 also saw adoption, with Subsea 2.03 orders outpacing total Subsea 3 awards by over 50% year-over-year. This product enables increased manufacturing capacity without additional capital expenditures. Subsea revenue grew 22% year-over-year in 2024. For 2025, TechnipFMC (NYSE:FTI) anticipates Subsea revenue to reach $8.6 billion, which represents a 10% growth. With $20.2 billion in Subsea orders secured in the past two years, the company is confident in exceeding $10 billion of inbound orders in the current year. Overall, FTI ranks 8th on our list of the best undervalued energy stocks to invest in now. While we acknowledge the growth potential of FTI, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FTI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
