Q: What investment markets shocked the financial world this year, so far?
Q: What investment category could be poised to be a great long-term holding for investors in 2025?
Q: What commodity area is potentially attractive in 2025 for investors?
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Headline Round Up
*The Irish Government is Unbelievably Rich? Thanks to Uncle Sam?
*Emerging Market Stocks Out of Favor? Investor Opportunity?
*Trump’s Oil and Gas Donors Don’t Really Want “Drill Baby Drill”?
*Wall Street Journal Editorial Board: NorthVolt Short Circuits Europe’s Green Energy Ambitions?
*Miami Financier, Stephen P. Lynch, Quietly Trying to Buy Nord Stream Pipeline 2? American investor has history of Russian dealmaking along with questionable ties to the Russian government?
*Uh Oh: Macy’s Delays Q3 Earnings Report After Worker Hid Millions in Expenses.
*Trump’s Treasury Pick, Scott Bessent, Sees “Global Economic Reordering”.
*Treasuries Rally Monday After New U.S. Treasury Secretary Pick Scott Bessent.
*Amazon Working on Artificial Intelligence (AI) Chip and Hardware as Challenge to Nvidia’s Market Dominance.
*Deutsche Bank Predicts S&P 7000 Forecast at 2025 Year End?
NetWorth Radio’s Texas Global Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston and The Future of Energy Infrastructure!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).
From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.
Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.
Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.
Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy Specialist
Oliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies.
Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.
Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.
Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.
PappaDean’s Corner of Wisdom
*2025 and parallels to the early 1980’s?
Dow Jones Industrial Average Index (12/29/2023 – 11/26/2024)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/29/2023 – 11/26/2024)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Earnings Analysis by Sector (08/16/2024 – 11/15/2024)
– Courtesy of Bloomberg LP
Recurrent MLP Infrastructure Fund (11/26/2019 – 11/25/2024)
– Courtesy of Bloomberg LP
iShares Global Clean Energy Exchange Traded Fund (ETF) (11/28/2019 – 11/26/2024)
– Courtesy of Bloomberg LP
Bitcoin Currency Spot Price (01/01/2024 – 11/26/2024)
– Courtesy of Bloomberg LP
Generic Natural Gas Futures Spot Price (11/27/2023 – 11/26/2024)
– Courtesy of Bloomberg LP
Generic Natural Gas Futures Spot Price (12/01/2004 – 11/26/2024)
– Courtesy of Bloomberg LP
Generic U.S. Natural Gas Futures Spot Price & Generic British Natural Gas Futures Spot Price (11/27/2023 – 11/26/2024)
– Courtesy of Bloomberg LP
Global X MSCI Argentina Exchange Traded Fund (ETF) (11/28/2021 – 11/26/2024)
– Courtesy of Bloomberg LP
Argentina Budget Financial Balance Index (10/31/2021 – 10/31/2024)
– Courtesy of Bloomberg LP
Profit Report
Family Legacy: Trustee Bootcamp
