Invesco's Mark Barnett: Why I'm Investing in Oil

BP and Shell are now more profitable than when oil was trading above $100 a barrel, argues the Invesco Perpertual fund manager

David Brenchley 14 November, 2017 | 9:36AM

Oil majors like Shell and BP are undergoing significant self-help, says Mark Barnett

There are two questions that come up time and again in meetings with clients, says Invesco Perpetual’s Mark Barnett: what do you think about Brexit and why are you buying oil companies?

The latter question “tells me how contrarian a call this is”, the manager of the Bronze-rated Invesco Perpetual Income fund admits. It can even be argued it’s at odds with Barnett’s own wider view of markets.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,568.00 GBP0.00
BP PLC296.65 GBP0.00
BTG PLC  
Capita PLC40.50 GBP0.00
Derwent London PLC2,946.00 GBP0.00
Invesco Income UK Z Acc228.81 GBP0.74
Next PLC4,800.00 GBP0.00
Roche Holding AG333.40 CHF0.00
Royal Dutch Shell PLC B1,217.80 GBP0.00
Royal Dutch Shell PLC Class A1,279.20 GBP0.00
Shaftesbury PLC517.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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