Investing is a dynamic, not a static process.
The future winners in the energy sector will be the best allocators of capital and free cash flow and they will invest and embrace the energy transition.
Yves C. Siegel, CFA
Principal
FIRESIDE CHAT | 04.30.26
Jim Teague and Randy Fowler (Co-CEOs) of Enterprise Products Partners L.P.
At SAM Partners, we employ a long-term value driven approach to investing in the energy sector as it transitions toward a decarbonized future.
Established in 2020, we are a registered value-based investment advisory firm for high net worth individuals and institutional investors. With a bottom up/top down-research and ESG-driven philosophy, the firm invests in a concentrated portfolio of high-quality midstream energy companies/Master Limited Partnerships (MLPs), utilities, renewable energy companies, and special situations.
SAM Partners is also a sub-advisor to ELCO Management Company, LLC, a multi-strategy investment firm.
what distinguishes us
Integrity and Ethics
Conduct ourselves in an ethical manner and with the highest level of integrity
Research Driven Philosophy
Investments based on a
rigorous bottom up/top down-fundamental review of companies and their ESG rating
Unparalleled Experience and Expertise
30+ years buyside and analyst experience with deep industry knowledge & relationships
30+ years buyside and analyst experience with deep industry knowledge & relationships
Provide superior customer service that entails transparency, responsiveness and open communication
Commitment to Superior Client Service
We recognize and value the power of long-term relationships
Long-Term Relationships
Concentrated Portfolio Construction
A concentrated portfolio of 20-30 high-conviction securities.
Investment Thesis
Pursuing a Three-Pronged Approach to Investing in U.S. Energy Dominance
Investments in midstream companies (both c-corps and MLPs), utilities and renewable energy companies
Midstream Energy Companies
Midstream energy companies are well-positioned to provide the requisite infrastructure to support increased power demand and exports. The midstream sector is an attractive option for income-oriented investors with its double-digit total return potential (~5% yield plus ~5-7% growth).
Utilities
Utilities are beneficiaries of new investments in power generation, grid modernization and the aggressive adoption of renewables to achieve zero emissions by 2050. The sector is undergoing a step change in earnings growth
Low Carbon & Renewable Energy
Electricity from renewable energy sources continues to grow. Decarbonization will play out over many years. Renewables and natural gas have gained market share in electricity generation at the expense of coal and petroleum. The growth in demand for low carbon fuels will stretch beyond electricity and have increased applications in other uses such as transportation
Special Situations
Up to 20% of the portfolio may be invested in other securities opportunistically that meet our ESG, cash flow and risk criteria.
Investment Strategy
Portfolio construction is based on the following:
1
Rigorous bottom up fundamental review of each company.
2
Portfolio companies that have sustainable businesses with strong balance sheets, high barriers to entry, stable cash flows, management track record of success and favorable ESG ratings.
3
Downside risk is mitigated by insightful industry experience, proprietary research, active monitoring of portfolio, and direct engagement with senior company management and sell-side analysts.
4
Disciplined sell policy is based on an active monitoring of company fundamentals, tax considerations and stock valuation.