BP Capital ManagementBP Capital Management | Boon Pickens HoldingsThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.With all the commotion surrounding energy these days, it never hurts to track an energy focused hedge fund ran by none other than Boone Pickens. If you are unfamiliar with Pickens, he is an energy maverick and his fund returned 300% in 2005. He is a big advocate of Peak Oil Theory and runs an energy-centric hedge fund based in Dallas, Texas. Although he typically holds numerous positions in oil, he is also big on alternative energy (except ethanol) and has numerous holdings there as well. He most recently advocated a large natural gas position and has additionally made a big bet on ...

Key Points: Engineering and consulting firms are an alternative way to get exposure to the energy sector. A heavy reliance on revenues from oil companies provides upside, while a diversified list of customers in other industries lessens risk. Analysts have recently raised forecasts on several engineering and consulting firms

Last week, I discussed how the decline in oil prices was causing analysts to lower their forecasts on exploration and production (E&P) stocks.

An alternative for investors looking to keep some exposure to the energy sector are engineering and consulting firms. These are companies that provide maintenance, construction and project management services to the energy sector.

They are less sensitive to the price of oil than E&P companies, but still benefit from elevated oil prices.

The key for firms such as Fluor (FLR) and Jacobs Engineering (JEC) is that oil stays at a high enough level to justify spending

...

Key Points: Engineering and consulting firms are an alternative way to get exposure to the energy sector. A heavy reliance on revenues from oil companies provides upside, while a diversified list of customers in other industries lessens risk. Analysts have recently raised forecasts on several engineering and consulting firms

Last week, I discussed how the decline in oil prices was causing analysts to lower their forecasts on exploration and production (E&P) stocks.

An alternative for investors looking to keep some exposure to the energy sector are engineering and consulting firms. These are companies that provide maintenance, construction and project management services to the energy sector.

They are less sensitive to the price of oil than E&P companies, but still benefit from elevated oil prices.

The key for firms such as Fluor (FLR) and Jacobs Engineering (JEC) is that oil stays at a high enough level to justify spending

...