Petroleum & Resources is a conservative equity investment in energy and natural resources companies for investors who seek a broadly diversified exposure to the energy sector. Petroleum & Resources has been trading on the New York Stock Exchange since January 1929.
The investment objectives of Petroleum & Resources are preservation of capital, attainment of reasonable income, and opportunity for capital appreciation.
The portfolio is managed with the expectation that it will generate returns that compare favorably to the returns of the Fund's benchmarks. Investments are made with an eye towards protecting your original investment and generating dividends and capital gains that can be used as a source of income, or reinvested to increase your holdings in the fund.
The Corporation’s portfolio manager, Douglas Ober, Chairman, CEO and President, has been managing the fund for over 22 years. Mr. Ober is supported by a team of research analysts that looks for investments offering long-term earnings growth at a reasonable price. The analysts’ recommendations are presented to the portfolio manager and are reviewed by the Board of Directors.
Petroleum & Resources is internally managed, which means that additional expenses are not incurred to pay an outside investment adviser. This helps to keep our expenses low. Over time, such low expenses have served to increase investment returns for our shareholders. The Corporation also features a low portfolio turnover.
As a closed-end fund, the portfolio is managed independently of the supply and demand for its shares. This permits management to take a long-term view towards the Corporation’s investments, working with a stable pool of capital, and permits the Fund to stay fully invested.
The procedure for buying Petroleum & Resources is the same as buying any stock. You may purchase shares through your broker or through the Investors Choice Stock Purchase & Sale Plan sponsored by our transfer agent, American Stock Transfer & Trust Co. (AST). For information about the AST Plan, you may telephone them toll free at (866) 723-8330 or visit AST here.
If you would like additional information, please call us at 800-638-2479 or send an email to: contact@peteres.com. You also can find more information by visiting our website, www.peteres.com.