The NYSE Pickens Oil ResponseTM Index (NYPORPR) is an equal-weighted index designed to objectively identify and select stocks from market segments that have demonstrated a high correlation to changes in the price of ICE Brent Crude Oil.
The NYPORPR Index aims to redefine investing in energy. The Index includes not just the suppliers of energy, but those companies that benefit from its consumption and increasing demand/throughput. We believe this approach is more balanced and better reflects the realities of the new global energy markets in a post-shale era.
The index has been designed based on recent academic research on the correlations of different industries with crude oil.
The Pickens Plan and ICE Brent Crude
The index was developed as a collaboration between BP Capital Fund Advisors, chaired by Boone Pickens, and Intercontinental Exchange, home of the NYSE and ICE Brent Crude Oil.
It was conceived with the same mindset as The Pickens Plan, which was created to reduce America’s dependence on foreign sources of oil. In the same way, this index is designed to change the status quo of energy investing.
Q & ABoone Pickens