Recent events have put the energy sector front and center for investors. For nearly two decades, Energy Income Partners has and continues to successfully navigate the energy space. Its focus on “poles & wires, pipes & tanks” provides a great inflation hedge as these are regulated monopolies with cost-plus pricing models. Investors are concerned if these businesses will be disrupted by the clean energy transition, although recent shortages of oil and gas suggest otherwise.
Energy Income Partners, LLC (EIP) was founded in 2003 from inbound inquiries about the founder’s investments in pipelines and other energy infrastructure with stable earnings and higher dividend yields.
Jim Murchie, co-founder, CEO and Portfolio Manager at EIP will discuss the timeliness of their investment approach while answering these key questions:
Is there a fundamental reason for “dirty” energy outperforming “clean” energy?
Where in energy can investors get an inflation hedge?
The (incorrect) myth about Utilities and Interest Rates
Speakers:
James MurchieCo-Founder, CEO and Portfolio ManagerEnergy Income Partners
James Murchie co-founded Energy Income Partners (EIP) in 2003 with Linda Longville and Eva Pao. EIP is a partner-owned asset manager with $3.8 billion in AUM as of February 28, 2021 and is an outgrowth of his personal investing in energy infrastructure. He is the President, CEO and Co-Portfolio Manager of EIP’s Funds and products which concentrate their portfolios in the securities of noncyclical energy infrastructure companies in the electric power, pipeline, and renewable development sectors. Between 1998 and 2003, he ran Lawhill Capital which managed a long/short equity fund that invested in energy and cyclical equities and commodities. From 1995 to 1997, he was a Managing Director at Tiger Management where his primary responsibility was investments in energy, commodities, and related equities. From 1990-1995, Mr. Murchie was a Principal at Sanford C. Bernstein where he was a top-ranked energy analyst and sat on the Research Department’s Recommendation Review Committee. Before joining Bernstein, he spent 8 years at British Petroleum in 7 operating and staff positions of increasing responsibility. He has been named one of only three Hall of Fame investors by Alerian. Mr. Murchie has testified on energy policy before the U.S. Senate Committee on Energy and Natural Resources, presents at the Energy Roundtable at the Aspen Institute and numerous industry conferences and events. He has often been quoted in media outlets such as Bloomberg, the Financial Times, and the Wall Street Journal. His interview with Steve Forbes is available on-line. Mr. Murchie received a B.A. from Rice University in 1979 and an M.A. in Energy Planning from Harvard University in 1982.
