Chris Beagle is now serving in a new position at SailingStone Capital Partners LLC

Feb 05, 2019
Board and Executive Moves
Background Information
SailingStone Capital Partners invests client assets primarily in accordance with their Natural Resources Strategy and/or their Natural Gas Strategy. The Natural Resources Strategy invests primarily in equity securities of issuers that the firm considers to be engaged principally in natural resources industries anywhere in the world. These portfolios typically hold a limited number of securities. SailingStone seeks to purchase securities in companies with these characteristics when SailingStone believes the price reflects a limited possibility of permanent capital impairment. SailingStone's Natural Gas Strategy invests in equity securities of companies that produce natural gas in North America or engage in natural gas-related businesses that may benefit from an improvement in long-term natural gas fundamentals. The strategy is concentrated around companies that the firm believes possess a combination of the three attributes required to generate excess returns in a commoditized industry: producing assets which sit at the bottom of a steeply sloped supply cost curve, highly capable management teams with a strong track record of prudent capital allocation and value creation, and a deep inventory of advantaged assets into which capital can be deployed at high rates of return.