Hey let s have ░░░░░░░░ look at some u ░░░░░░░░ energy stocks at the ░░░░░░░░ index in the states ░░░░░░░░ from it s highs ░░░░░░░░ this spring our guess ░░░░░░░░ are our opportunities and ░░░░░░░░ sexual right Now we ░░░░░░░░ joined by Dan Smith ░░░░░░░░ chief investment officer at ░░░░░░░░ wealth management thanks very ░░░░░░░░ for coming on the ░░░░░░░░ and before we get ░░░░░░░░ your ideas Apparently this ░░░░░░░░ theory knocking around I ░░░░░░░░ t think it s ░░░░░░░░ that knew that we ░░░░░░░░ all these mergers in ░░░░░░░░ shale patch mass of ░░░░░░░░ and that this could ░░░░░░░░ bring down production because ░░░░░░░░ people of when they ░░░░░░░░ over a company while ░░░░░░░░ of their first Harris ░░░░░░░░ cut capital expenditures costs ░░░░░░░░ I could it could ░░░░░░░░ but There s a ░░░░░░░░ s a lot of ░░░░░░░░ in apply not just ░░░░░░░░ costs when it the ░░░░░░░░ the oil Ah Oil ░░░░░░░░ full of seven percent ░░░░░░░░ the year Oh we ░░░░░░░░ a strong first quarter ░░░░░░░░ 20 20 four and ░░░░░░░░ come down a little ░░░░░░░░ since then for various ░░░░░░░░ a geopolitical as as ░░░░░░░░ as my on a ░░░░░░░░ level thrown from a ░░░░░░░░ taken over their companies ░░░░░░░░ eat another What I ░░░░░░░░ to is pioneer natural ░░░░░░░░ Sources right which was ░░░░░░░░ bucks on mobile let ░░░░░░░░ to ask some ideas ░░░░░░░░ diamond back always love ░░░░░░░░ stock symbol fangs a ░░░░░░░░ backs a snake and ░░░░░░░░ s attractive about this ░░░░░░░░ Water and oil and ░░░░░░░░ gas producer and the ░░░░░░░░ basin and grace at ░░░░░░░░ Texas The stocks have ░░░░░░░░ lot of characteristics which ░░░░░░░░ on minutes trading and ░░░░░░░░ times earning right now ░░░░░░░░ is extremely attractive a ░░░░░░░░ We are still value ░░░░░░░░ even with the the ░░░░░░░░ seven and a videos ░░░░░░░░ there with evaluations are ░░░░░░░░ in our opinion a ░░░░░░░░ bit excessive on This ░░░░░░░░ an opportunity get something ░░░░░░░░ a at A fairly ░░░░░░░░ price A diamond by ░░░░░░░░ you remind us are ░░░░░░░░ mostly natural gas Are ░░░░░░░░ mostly I oil mostly ░░░░░░░░ gas is primarily what ░░░░░░░░ do They ve had ░░░░░░░░ hug me using yield ░░░░░░░░ now Buffalo Play which ░░░░░░░░ closer the money mercury ░░░░░░░░ it s had a ░░░░░░░░ run up last five ░░░░░░░░ nearly doubling halliburton add ░░░░░░░░ oil field services provider ░░░░░░░░ A what wanna try ░░░░░░░░ of this name Algorithm ░░░░░░░░ playing we ve been ░░░░░░░░ four by four years ░░░░░░░░ we liked it when ░░░░░░░░ different colored about seventy ░░░░░░░░ us our clients fortunately ░░░░░░░░ up about four x ░░░░░░░░ it Oh it s ░░░░░░░░ had a deep recently ░░░░░░░░ s earnings per share ░░░░░░░░ expected a girl continue ░░░░░░░░ eleven percent and and ░░░░░░░░ price earnings on it ░░░░░░░░ a 11 so it ░░░░░░░░ it s very attractive ░░░░░░░░ a bit of a ░░░░░░░░ a dip recently in ░░░░░░░░ the oil oil industry ░░░░░░░░ general we think s ░░░░░░░░ little bit of a ░░░░░░░░ geopolitically with everything going ░░░░░░░░ and halliburton can be ░░░░░░░░ profitable at the levels ░░░░░░░░ at noun but end ░░░░░░░░ the the high seventies ░░░░░░░░ we do get a ░░░░░░░░ bump up the 80 ░░░░░░░░ hundred bucks a barrel ░░░░░░░░ we believe could be ░░░░░░░░ in this scenario Can ░░░░░░░░ give us an idea ░░░░░░░░ truly global Are they ░░░░░░░░ it is a huge ░░░░░░░░ of their build A ░░░░░░░░ in the United States ░░░░░░░░ large portion of however ░░░░░░░░ s gonna be United ░░░░░░░░ It s a premier ░░░░░░░░ provider rights not could ░░░░░░░░ a occur Pure play ░░░░░░░░ a an exxon or ░░░░░░░░ another or or from ░░░░░░░░ you think can offer ░░░░░░░░ sub correction It could ░░░░░░░░ an amazing buying opportunity ░░░░░░░░ finally acts on the ░░░░░░░░ near all time highs ░░░░░░░░ re not adding new ░░░░░░░░ to us by using ░░░░░░░░ s a good reason ░░░░░░░░ start beholder Absolutely we ░░░░░░░░ I kind of inherited ░░░░░░░░ on our clients were ░░░░░░░░ pioneer natural resources which ░░░░░░░░ acquired by exxon and ░░░░░░░░ significant gains Are we ░░░░░░░░ we don t wanna ░░░░░░░░ at this time but ░░░░░░░░ mobil deftly on our ░░░░░░░░ list I would not ░░░░░░░░ new money s it ░░░░░░░░ near It s all ░░░░░░░░ high Despite efforts that ░░░░░░░░ were doing for green ░░░░░░░░ the oil the old ░░░░░░░░ way of getting oil ░░░░░░░░ still alive and kicking ░░░░░░░░ and we think exxonmobil ░░░░░░░░ one of the pioneers ░░░░░░░░ that end and it ░░░░░░░░ it s it s ░░░░░░░░ attractive is out of ░░░░░░░░ pe ratio which is ░░░░░░░░ we we don t ░░░░░░░░ at this point but ░░░░░░░░ to play in it ░░░░░░░░ death They keep an ░░░░░░░░ on it and the ░░░░░░░░ yield to am a ░░░░░░░░ big as say a ░░░░░░░░ back but three point ░░░░░░░░ percent know not too ░░░░░░░░ Not too shabby in ░░░░░░░░ the any keep reinvesting ░░░░░░░░ clean energy and end ░░░░░░░░ back position at and ░░░░░░░░ this the aussie will ░░░░░░░░ back their their dividends ░░░░░░░░ when Eric weiner pioneer ░░░░░░░░ resource alu um The ░░░░░░░░ lot of that eats ░░░░░░░░ a lot of resources ░░░░░░░░ indebted to continue to ░░░░░░░░ Like the happen ari ░░░░░░░░ in a lotta men ░░░░░░░░ users are now I ░░░░░░░░ on how many but ░░░░░░░░ investors are you a ░░░░░░░░ are not owning hydrocarbon ░░░░░░░░ any more oil and ░░░░░░░░ name s what does ░░░░░░░░ mean for investors Who ░░░░░░░░ t have that limitation ░░░░░░░░ come across from time ░░░░░░░░ investors who have biases ░░░░░░░░ whatever reason it in ░░░░░░░░ company or another We ░░░░░░░░ that will we try ░░░░░░░░ encourage clients is the ░░░░░░░░ to focus on a ░░░░░░░░ picture Are you Are ░░░░░░░░ willing to make less ░░░░░░░░ your portfolio because you ░░░░░░░░ as strongly against not ░░░░░░░░ no oil company or ░░░░░░░░ only not an Amazon ░░░░░░░░ when we tend to ░░░░░░░░ believers it less the ░░░░░░░░ ethically make as much ░░░░░░░░ as we can t ░░░░░░░░ clients for the retire ░░░░░░░░ wherever needs they have ░░░░░░░░ I definitely think if ░░░░░░░░ hamstring your portfolio five ░░░░░░░░ wanting certain stocks because ░░░░░░░░ of an example of ░░░░░░░░ when you know a ░░░░░░░░ in you re gonna ░░░░░░░░ your returns long term ░░░░░░░░ okay Well listen Thank ░░░░░░░░ very much indeed to ░░░░░░░░ s great hearing from ░░░░░░░░ event my pleasure Thank ░░░░░░░░ plan Smith chief investment ░░░░░░░░ Jd management coming up ░░░░░░░░ about an hour no ░░░░░░░░ some sorry, 15 minutes