Why Sourcerock?
Strategy
Hydrocarbons and the energy ecosystem are in transition
Focused and in-depth investment process that relies on security selection
High-conviction investing with the goal of creating alpha on both long and short positions
Strong risk management with low net exposure and factor awareness
Nimble capital base with the ability to capitalize on short- and long-term catalysts
Team
Team has been investing across the energy and industrial sectors since 1998
Track record of growing and preserving capital
Alignment of interests with investors
Timing
Energy has been deemed “un-investable” by many investors with fewer players in the space
Prohibitive cost of capital in cyclicals vs. rest-of-world
Opportunity in complimentary subsectors meaningfully increased
Energy is closer to the bottom, alpha is cyclical