EM PM, Ecstrat

Emad Mostaque

EM PM

Ecstrat

Ecstrat is a consultancy advising on asset allocation between global equity markets, with a focus on the intersection of governments, geopolitics, governance and markets.
 
Over the past few years and more especially since the Great Financial Crisis (GFC), investors have become more focused on short-term market movements and real-time returns and have consequently neglected the analysis of the underlying structural themes that underpin longer term performance.
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More specifically we believe that the evolution of governance-based relationships between investors, controlling shareholders, labour and the state is one of the primary determinants of both relative and absolute performance between individual equity markets.
 
We will endeavour to provide investors with some of the context surrounding governance-related issues which encompass many different disciplines including history, economics and political science, as well as the financial metrics which are the most obvious manifestation of the structural characteristics of each market.
 
We will pay particular attention to the shifts and potential inflection points for governance in individual markets as these are often the best lead indicators for both economic and market performance.

Thematic (Sector/Industry)

China Energy / Thematic (Sector/Industry)

In <a href="http://www.smartkarma.com/insights/how-oil-can-head-over-100-by-2017" target="_blank">my last thoughts on oil</a>, where I plotted some of the structural factors that might take it over $100 in the next few years, I noted that the probability of a December OPEC cut was being underpriced by the market.Today we have seen headlines that Saudi will do, Draghi-style, "whatever it takes" to stabilize the oil price including co-operating with the broader OPEC cartel.A shift in Saudi Arabian production strategy was one of the main drivers of the "double dip" in oil prices over the summer…

In my last thoughts on oil, where I plotted some of the structural factors that might take it over $100 in the next few years, I noted that the probability of a December OPEC cut was being underpriced by the market.Today we have seen headlines that Saudi will do, Draghi-style, "whatever it takes" to stabilize the oil price including co-operating with the broader OPEC cartel.A shift in Saudi Arabian production strategy was one of the main drivers of the "double dip" in oil prices over the summer…

Shanxi Lu'An Environmental Energy Dev.Co (601699 CH)

Inner Mongolia Yitai Coal Company Ltd (3948 HK)

Rabigh Refining And Petrochemical Company (PETROR AB)

Rabigh Refining And Petrochemical Company

Is an OPEC Cut Imminent?