Cohen & Steers' Childers: Ripe opportunities among resource equities

Talking to Investment Week, the manager said he was particularly interested in the "energy side of resource equities". He explained in various sectors, especially energy, firms had been "really trying to grow production as much as possible, with very little focus on how much of that production was actually economic". "So, you had a lot of companies that really did not earn their cost of capital, but kept growing production anyway," he said, adding that we have since seen a "steady, ugly decline in the values of a lot of these producers". Now, Childers stated, companies have begun t...