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Energy sector 'offers opportunities' for investors

05 February 2008 / by None
Stocks in energy companies may provide investors with significant opportunities, according to one expert.

Andrew Moffat, manager of the Co-operative Insurance UK Income with Growth Trust, argued that firms aiming to tackle a potential supply shortfall could achieve strong performance.

"Power companies are not dependent on economic growth in the same way as consumer stocks, so can deliver performance even in the event of a recession," the expert said.

International Power and Scottish & Southern Energy are both organisations that have the potential to achieve growth, he claimed.

International Power "keeps the lights on in 20 countries" and Scottish & Southern Energy is "committed to improving efficiency" at its own plants in the UK, Mr Moffat claimed.

Last year, F&C and a number of other companies co-signed a letter to the US Senate and House of Representatives urging the company to pass a national energy bill to develop "clean" energy.

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