Artemis' Dodd: Where we are finding energy opps in 2012

ENERGY PLAYS FOR 2012

With improving market sentiment and ‘risk on', selected global energy investments could produce double digit returns for investors in 2012, say John Dodd and Richard Hulf, co-managers of the Artemis Global Energy fund.

Uncertainties abound – not least from sovereign debt. So it is some bitter-sweet comfort to realise that one thing will not change: global demand for energy will go on rising. Estimates vary, of course. But demand is forecast to rise by 45% between now and 2035. This demand is as varied – nuclear, renewables, gas, coal, oil – as it is vigorous. And yet there are 1.4 billion people in the world today without access to electricity, some 85% of them in rural areas. So clearly there is ample scope for growth. Meanwhile, observers note a high level of spending on energy imports by many cou...