New City Energy Limited

Termination of coverage

1 February 2016

Edison Investment Research is terminating coverage on New City Energy Limited (NCE). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. MORE »

Energy that works

25 January 2012

New City Energy (NCE) is a fund that invests globally in energy-related equities and fixed interest securities. It focuses on small- and mid-cap companies where the manager sees the strongest longer-term growth potential. NCE is invested c 75% in oil & gas but does not invest in renewable sources; in the manager’s view it invests in “energy that works”. NCE pays quarterly dividends and increased its total dividend for 2011 by 3.125% to 1.65p. It has further capacity to increase the dividend. The manager considers that energy will be crucial to the next decade and, against a backdrop of a diminishing supply of oil and growing energy demand, remains very bullish on the long-term outlook for oil and the energy sector in general. MORE »

Bottom up, global energy exposure

18 August 2011

Since its launch in 2008, New City Energy Limited (NCE) has outperformed the broader global energy sector, as measured by the FTSE All World Oil & Gas Index (sterling adjusted), by 3.9% and 20.8%, in terms of price total return and NAV total return respectively. NCE pays quarterly dividends and is on track to maintain its total yearly dividend at 1.6p for the year ending 30 September 2011. The manager considers that energy will be crucial to the next decade and, against a backdrop of a diminishing supply of oil and growing energy demand, remains very bullish on the long-term outlook for oil and the energy sector in general. MORE »