Dan Pickering, founder and chief investment officer at Pickering Energy Partners, joined Hart Energy’s Jessica Morales to discuss the firm’s recent merger and how it relates to the ramp-up in energy transition and ESG trends.
Pickering Energy Partners announced a merger in late February with SailingStone Capital Partners LLC, an investment firm with one of the most experienced public equities teams focused on global natural resources, natural gas and the upstream resources associated with energy transition, according to Pickering.
“The key to this combination is that together we can attack publics and privates,” he said. “They’ve got a fabulous network of institutional investors, as do we. The ability to maybe do more on the energy transition front, in general, both public and private.”
“We think it’s the right opportunity set to bring our firms together and our timing feels pretty good as some of the headwinds in the energy patch turn into tailwinds,” he added.
Pickering, which spoke to Hart Energy early into the pandemic in 2020, also continued the discussion on what truly is the path forward for the oil and gas industry now almost a year later and how companies can take advantage of the energy transition by finding the intersection between the growing demand for lower carbon and the ability to generate returns.
Jump to a topic:
- Pickering Energy Partners, SailingStone Merger (0:48)
- Next investment hot spots (3:40)
- Energy transition and ESG (6:05)
- ESG investment opportunities (8:30)
- How does 2021 look so far? (10:08)
- Message to investors (13:21)
- Path forward, a year later (14:49)
Recommended Reading
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Citgo Auction in Jeopardy as Venezuela Bondholders Pursue Parallel Claims
2024-10-11 - The court cases have increased uncertainty over which company is best positioned to take over the seventh-largest U.S. refiner Citgo Petroleum.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
2024-10-29 - Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.