The conflict between Russia and Ukraine continues to roil the world’s energy markets. Brent crude reached an all-time high of $118 per barrel on March 5th. A crisis like the one faced in the 1970s could be on the horizon, according to Daniel Yergin. A co-author of The Prize: The Epic Search for Oil, Money, and Power, as well as The Quest: Energy, Security, and the Remaking of the Modern World, Yaron Yergin is well-known for his work on these subjects. Ken Fisher, a billionaire investor, discusses the Russia-Ukraine conflict and the state of the financial markets. He doesn’t think the stock market is currently in a bear market. The billionaire believes that the energy sector has a bright future.
Insider Monkey takes a look at the oil and gas stocks in Ken Fisher’s portfolio. As of the end of the fourth quarter of 2021, Ken Fisher’s hedge fund held nearly 4 million shares of Devon Energy Corporation. In total, Ken Fisher’s shares were worth more than $175 million, according to the most recent financial statements he filed. TotalEnergies SE is a company that focuses on the exploration and production of fuels, natural gas, and low carbon energy. Russian natural gas producer Novatek and the Yamal LNG project are owned by the company by about 20 percent. Marathon Oil Corporation had a $140 million stake in Ken Fisher’s hedge fund as of 2022. Piper Sandler raised the stock’s recommendation from Buy to Buy last month. Scotia also upgraded the stock to a buy on the strength of the company’s strong earnings results. Russian Urals crude was reportedly purchased by Shell Plc at a $28.5 per barrel discount to Brent prices. Sakhalin-II LNG project’s 27.5 percent stake cost the company $700 million in 2021. Chevron Corporation shares owned by Ken Fisher totaled $774.21 million. As of the end of the fourth quarter of 2021, 51 hedge funds held positions in Chevron Corporation, an increase from the previous quarter’s 51 funds. For more details, click 10 Oil And Gas Stocks To Buy According To Ken Fisher.
