{"product_id":"fisher-investments-on-energy-isbn-9780470285435","title":"Fisher Investments on Energy","description":"The first offering from the \u003ci\u003eFisher Investments On\u003c\/i\u003e investing series is a comprehensive guide to the Energy sector. The book can benefit both new and seasoned investors, covering everything from Energy sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid. Azelton and Teufel demonstrate a method for uncovering performance and risk-management opportunities—and show the readers how they can do it, too. Filled with detailed graphs and tables, unique insight, and practical advice, \u003ci\u003eFisher Investments on Energy\u003c\/i\u003e can provide readers with a solid foundation in this sector.  \u003cp\u003eFor more information visit www.energy.fisherinvestments.com\u003c\/p\u003e \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Getting Started in Energy 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1: Energy Basics 3\u003c\/p\u003e \u003cp\u003eOil \u0026amp; Gas Industry 4\u003c\/p\u003e \u003cp\u003eEnergy Equipment \u0026amp; Services Industry 14\u003c\/p\u003e \u003cp\u003eChapter 2: What Makes Energy Burn: Key Drivers of\u003c\/p\u003e \u003cp\u003ethe Energy Sector 19\u003c\/p\u003e \u003cp\u003eOil Demand Drivers 20\u003c\/p\u003e \u003cp\u003eOil Supply Drivers 30\u003c\/p\u003e \u003cp\u003eNatural Gas Demand Drivers 40\u003c\/p\u003e \u003cp\u003eNatural Gas Supply Drivers 45\u003c\/p\u003e \u003cp\u003eAdditional Drivers 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Next Steps: Energy Details 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 3: Energy Sector Breakdown 63\u003c\/p\u003e \u003cp\u003eGlobal Industry Classification Standard (GICS) 64\u003c\/p\u003e \u003cp\u003eGlobal Energy Benchmarks 65\u003c\/p\u003e \u003cp\u003eOil, Gas, \u0026amp; Consumable Fuels Industry 70\u003c\/p\u003e \u003cp\u003eEnergy Equipment \u0026amp; Services Industry 82\u003c\/p\u003e \u003cp\u003eSub-Industry Drivers 88\u003c\/p\u003e \u003cp\u003eChapter 4: Why We’ll Never Run Dry 103\u003c\/p\u003e \u003cp\u003eThe World Will Never Run Out of Oil 104\u003c\/p\u003e \u003cp\u003eThe Tipping Point? 109\u003c\/p\u003e \u003cp\u003ePeak Oil and You 116\u003c\/p\u003e \u003cp\u003ePeak Oil Reading 118\u003c\/p\u003e \u003cp\u003eChapter 5: Staying Current: Tracking Industry\u003c\/p\u003e \u003cp\u003eFundamentals 121\u003c\/p\u003e \u003cp\u003eCrude Oil Market Fundamentals 121\u003c\/p\u003e \u003cp\u003eNatural Gas Market Fundamentals 131\u003c\/p\u003e \u003cp\u003eRefining Margin Fundamentals 136\u003c\/p\u003e \u003cp\u003eEnergy Equipment \u0026amp; Services Fundamentals 144\u003c\/p\u003e \u003cp\u003eChapter 6: Alternative Energy 151\u003c\/p\u003e \u003cp\u003eWhat Is Alternative Energy? 152\u003c\/p\u003e \u003cp\u003eAlternative Energy Drivers 167\u003c\/p\u003e \u003cp\u003eAlternative Energy Investment Universe 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Thinking Like a Portfolio Manager 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7: The Top-Down Method 177\u003c\/p\u003e \u003cp\u003eInvesting Is a Science 177\u003c\/p\u003e \u003cp\u003eEinstein’s Brain and the Stock Market 178\u003c\/p\u003e \u003cp\u003eThe Top-Down Method 180\u003c\/p\u003e \u003cp\u003eTop-Down Deconstructed 185\u003c\/p\u003e \u003cp\u003eManaging Against an Energy Benchmark 193\u003c\/p\u003e \u003cp\u003eChapter 8: Security Analysis 197\u003c\/p\u003e \u003cp\u003eMake Your Selection 198\u003c\/p\u003e \u003cp\u003eA Five-Step Process 199\u003c\/p\u003e \u003cp\u003eImportant Questions to Ask 207\u003c\/p\u003e \u003cp\u003eChapter 9: Energize Your Portfolio 217\u003c\/p\u003e \u003cp\u003eStrategy 1: Commoditize 218\u003c\/p\u003e \u003cp\u003eStrategy 2: Playing Sub-Industries 219\u003c\/p\u003e \u003cp\u003eStrategy 3: Company Bets 228\u003c\/p\u003e \u003cp\u003eMore Sub-Industry Tips 228\u003c\/p\u003e \u003cp\u003eAppendix: Energy Sector Resources 233\u003c\/p\u003e \u003cp\u003eNotes 236\u003c\/p\u003e \u003cp\u003eGlossary 243\u003c\/p\u003e \u003cp\u003eAbout the Authors 249\u003c\/p\u003e \u003cp\u003eIndex 250\u003c\/p\u003e \u003cb\u003eAaron M. Azelton\u003c\/b\u003e (San Francisco, California) is an equity research analyst covering the Energy sector at Fisher Investments. He graduated from the University of California at Berkeley with a B.A. in Economics. He has been with Fisher Investments since 2002. Aaron grew up in Santa Monica, California, and is currently living in San Francisco. \u003cp\u003e\u003cb\u003eAndrew S. Teufel\u003c\/b\u003e (San Francisco, California) has been a member of Fisher Investments research staff since 1995 and is currently Co-President and Director of Research. Prior to joining the firm, he worked at Bear Stearns as a corporate finance analyst. He is a graduate of the University of California at Berkeley, and has lectured at the Haas School of Business on topics in investment management. Andrew has conducted hundreds of investment seminars and educational workshops throughout the US and the United Kingdom. He also serves as Editor-in-Chief of MarketMinder.com.\u003c\/p\u003e  \u003cul\u003e \u003cli\u003eAn in-depth look at the global Energy sector investment universe including oil, natural gas, alternative energy, and more\u003c\/li\u003e \u003cli\u003eTips and tools for security analysis and portfolio management\u003c\/li\u003e \u003cli\u003eA useful guide for investing in any market condition\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003eThe Fisher Investments on ENERGY\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe \u003ci\u003eFisher Investments\u003c\/i\u003e on series is designed to provide individual investors, aspiring investment professionals, and students the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide specifically focuses on Energy, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment.  \u003c\/p\u003e\u003cp\u003eFollowing a top-down approach to investing, \u003ci\u003eFisher Investments on Energy\u003c\/i\u003e can help you make more informed decisions within the Energy sector. It skillfully addresses how to approach your portfolio's Energy allocation, how to determine which Energy sub-industries have the potential to perform well, and how individual stocks can benefit in various environments. The global Energy sector is complex, covering multiple sub-industries and countries—each with unique characteristics. Using the framework found here, you can discover how to identify these differences, spot opportunities, and avoid major pitfalls.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDivided into three comprehensive parts—Getting Started, Energy Details, and Thinking Like a Portfolio Manager— \u003ci\u003eFisher Investments on Energy:\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDiscusses Energy's drivers, including all the supply and demand components of its main drivers— oil and natural gas prices\u003c\/li\u003e \u003cli\u003eTakes you through the seven sub-industries within the global Energy sector and reveals how they operate\u003c\/li\u003e \u003cli\u003eAddresses the challenges of today's Energy sector, including peak oil and alternative energy\u003c\/li\u003e \u003cli\u003eDelves into top-down investment methodology as well as individual security analysis\u003c\/li\u003e \u003cli\u003eOutlines a five-step process to help differentiate firms in this field—designed to help you identify ones with the greatest probability of outperforming\u003c\/li\u003e \u003cli\u003eProvides investment strategies for a variety of market environments\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and expert advice, \u003ci\u003eFisher Investments on Energy\u003c\/i\u003e provides a framework for understanding this sector and its industries, to help you make better investment decisions—now and in the future. With this book as your guide, you'll gain a global perspective of the Energy sector in your quest to achieve consistent success in it.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989217460453,"sku":"NP9780470285435","price":28.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470285435.jpg?v=1761783248","url":"https:\/\/k12savings.com\/products\/fisher-investments-on-energy-isbn-9780470285435","provider":"K12savings","version":"1.0","type":"link"}