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
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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
AstraZeneca PLC8,768.00 GBP0.00Rating
BP PLC363.10 GBP0.00Rating
Capita PLC47.58 GBP0.00
Derwent London PLC3,356.00 GBP0.00
Invesco UK Equity Inc UK Z Acc289.17 GBP0.22Rating
Next PLC7,982.00 GBP0.00
Roche Holding AG386.80 CHF0.00
Royal Dutch Shell PLC B1,801.40 GBP0.00Rating
Royal Dutch Shell PLC Class A1,786.00 GBP0.00Rating
Shaftesbury PLC603.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for