Sourcerock Group LLC
An alternative assets investment firm focused on both traditional and alternative energy equities, employing rigorous fundamental research, frequent contact with management, and model-based cash return on capital investment frameworks. The firm targets consistent, risk-adjusted returns in all energy environments and emphasizes capital discipline, durability of business models, and ESG considerations.
Investment Strategy
Focuses on approximately 300 companies within the energy complex, with analysts specializing in sub-sectors. Strategy rooted in security selection, in-house modeling, and extensive industry networks. Investment profile includes high free cash flow, clean balance sheets, solid management teams, capital discipline, durable business models, and attractive relative valuation. Portfolio construction is long-term with attention to near-term catalysts, utilizing a mix of liquid equity instruments. The firm is aware of macro regimes, including inflation, deflation, and ESG factors.
Top Holdings
Equity Positions (39)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AR | ANTERO RESOURCES CORP | 17.13% | $328.5M | 8,156,134 | $29.12 | $40.28 | +$30.4M |
E EQT | EQT CORP | 8.29% | $159.0M | 2,726,585 | $39.84 | $58.32 | -$130.9M |
N NE | NOBLE CORP PLC | 7.18% | $137.6M | 5,184,346 | $31.62 | $26.55 | +$42.2M |
T TS | TENARIS S A | 6.02% | $115.4M | 3,086,075 | $36.24 | $37.40 | +$19.6M |
C CHRD | CHORD ENERGY CORPORATION | 5.21% | $99.9M | 1,031,973 | $115.81 | $96.85 | -$14.0M |