Gavekal Capital: European Energy Sector Performance

Friday, December 20, 2013

European Energy Sector Performance

Unless there is a strong turnaround over the next ten days, stocks in the European Energy sector will be the worst performers (and the only sector to decline) over the last year:

Of the two Energy companies that pass our Knowledge Leaders screen, relative performance does not look as though it is about to improve anytime in the near future:

Besides a Spanish bank (Bankia) and a mining company (Fresnillo), CGG Veritas is the worst performer in the MSCI Europe over the last year:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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