Jennifer K. Stevenson

Resource manager banks on company growth, not high oil prices.

Michael Ryval 16 April, 2010 | 6:00PM
Facebook Twitter LinkedIn

While crude-oil prices have surged this spring to around US$86 a barrel, Jennifer K. Stevenson is counting less on further robust price hikes and more on firms with production growth. "We have an oil focus, and it's not reliant on the price going up. If oil hangs in the US$70-80 range, these companies can produce the growth that we expect."

Stevenson, who is manager of the $34-millionQwest Energy Canadian Resource Class, takes a blended approach to picking stocks in the oil patch. After determining the outlook for the underlying commodities, and developing a price forecast, she selects companies that offer the best growth potential.

"We're looking for valuation versus growth, to get the best value, and best growth profile. There's a bit of give and take," says Stevenson, Calgary-based executive vice-president, Qwest Investment Fund Management Ltd. "Our call on natural gas is quite negative, so we don't have gas in the portfolio."

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

About Author

Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies