BlackRock stays bullish on energy

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The natural resources team at BlackRock remains bullish on the energy sector, despite the ongoing turmoil in the markets.

The group asserted that high oil prices should ensure strong earnings for oil companies, thereby providing opportunities for investors. BlackRock was similarly optimistic for the alternative energy sphere, predicting that companies may do well as the sector comes to the fore of political agendas and the consumers increase their uptake of such sources. Robin Batchelor, fund manager of the World Energy fund and the New Energy Investment trust, commented: "Energy stocks are in a good position to perform well during the rest of 2008 and beyond. Supply and demand fundamentals appear supportive...

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