Hydraulic fracturing, or “fracking”, allows corporations to extract oil and natural gas from shale rock formations which were previously inaccessible deep below the earth’s surface. While some consider it controversial, this technology has allowed the U.S. to increase the production of oil and natural gas dramatically, leading to lower energy prices and stronger energy independence. In addition to that, it has even helped lower carbon dioxide emissions by starting to displace coal in terms of energy production.
This Spector™ invests in companies which should benefit from this continued production of America’s natural resources.
Example Holdings: EOG Resources (EOG), Devon Energy (DVN), Concho Resources (CXO)