New technology helps reach once-unreachable energy supplies profitably, says Turner Investments commentary

Investment firm’s analysts believe technological advances in offshore oil and natural-gas exploration may lead to above-average growth for seven energy companies

BERWYN, Pa.--(BUSINESS WIRE)--New technology to explore for, drill, and produce oil and natural gas should not only help meet a rising demand for energy globally, but also provide above-average growth for the energy companies using that technology, according to the latest Sector Focus commentary from Turner Investments.

“advances in technology have helped companies learn more about the geology and increase the efficiency of offshore drilling in particular, which has in turn increased the success rate of drilling projects once considered high risk and impractical.”

Titled How new technologies are helping reach once-unreachable energy supplies, the piece was written by the five Turner analysts who cover the cyclical sectors: Marc Bianchi, portfolio manager/global security analyst; Joshua Kohn, portfolio manager/global security analyst; Robb Parlanti, senior portfolio manager/global security analyst; Don Smith, portfolio manager/global security analyst; and Scott Swickard, global security analyst.

Turner Investments, based in Berwyn, Pennsylvania, publishes Sector Focus commentaries monthly as part of the continuing efforts of its five teams of security analysts to monitor market sectors for its growth-stock portfolios.

According to the analysts, “advances in technology have helped companies learn more about the geology and increase the efficiency of offshore drilling in particular, which has in turn increased the success rate of drilling projects once considered high risk and impractical.” The analysts cite previously off-limits locations like the Arctic, remote areas of coastal Africa, and the 2,400-meter depths of the Gulf of Mexico as targets for that new technology.

The analysts identify seven companies that have adopted the most sophisticated exploration, drilling, and production technology as being well positioned to generate above-average earnings growth: Anadarko Petroleum, CGGVeritas, Cobalt International Energy, Pacific Drilling, Schlumberger, Transocean, and Tullow Oil.

To read this February 2012 Sector Focus in its entirety, click on this link to the Turner Investments Web site: http://www.turnerinvestments.com/cyclical. Or call 484.329.2407 for a free copy of the piece.

The views expressed represent the opinions of Turner Investments and are not intended as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell any securities. There can be no guarantee that Turner will select and hold any particular security for its client portfolios. Past performance is no guarantee of future results.

Turner Investments, founded in 1990, is an investment firm based in Berwyn, Pennsylvania. As of December 31, 2011, we managed more than $13 billion in stocks in separately managed accounts and mutual funds for institutions and individuals.

As of January 31, 2012, Turner held in client accounts 1.5 million shares of Anadarko Petroleum, 100,370 shares of Cobalt International Energy, 103,700 shares of Pacific Drilling, 921,858 shares of Schlumberger, 180,950 shares of Transocean, and 6,900 shares of Tullow Oil. Turner held no shares of CGGVeritas.