What themes will be hot in 2015?
Last year I wrote a blog outlining some of the key themes that we expected to attract attention in 2014. We cast a quick eye back on how these predictions panned out and then look forward to assess what we expect to be the top five hot picks in 2015.
From its peak at the end of June, the oil price had lost a third of its value by the beginning of December. As a consequence, November proved to be a pretty dark month for the oil and gas industrial complex. ExxonMobil, Chevron and the other oil majors were down between 6-9% during November, and some of the companies in the industry’s supply-chain, particularly those exposed to US shale oil activities, were hit even harder. Weir and Flowserve, for example, which make pumps for shale oil and gas fracking were down 18% and 13% respectively.