SIF Transilvania eyes oil, petrochemical and energy sectors in 2011

SIF Transilvania financial investment company has a 61 million-lei (14.5 million-euro) investment budget it wants to target mainly at stock exchange listed oil and energy companies.

"We are only interested in listed companies with a medium-term growth potential of two to three years, in the oil, petrochemical sector, in the sectors to do with energy resources, drugs and the food industry," specified Mihai Fercală, chairman of SIF Transilvania (SIF3).

The oil and energy sectors are almost completely absent from the portfolio of the financial investment company, with the financial-banking sector accounting for 53% of the asset value at the end of 2010, followed by tourism assets, with 23.2% and industry, with 10.4%.

SIF Transilvania last year bought 0.36% in Fondul Proprietatea (Property Fund), which mainly has energy companies in its portfolio. SIF Transilvania also bought a 1.4% stake in Prospecţiuni Bucureşti (PRSN), which provides services in the oil and gas sector, as well as a 2.85% stake in stock exchange operator Sibex Sibiu (SBX) in 2010.