Oil & Gas
Oil & Gas research always starts with the subsurface, therefore as Petroleum Geoscientists, our research and financial analysis is grounded in a solid technical understanding which helps differentiate us.
Long-standing relationships with corporate management teams provide high-level access that also enables us to keep clients informed in a timely manner on key sector and company-specific events. The Oil & Gas team ranked 1st in the 2021, 2020, 2019 & 2018 Institutional Investor (Extel) Surveys.
As a jargon-intensive sector, it is vital to distil the investment cases of our coverage into as clear a message as possible. This is disseminated to a wide client base by various research products from standalone notes, to podcasts and live investment webinars to help maximise market impact.
Werner Riding joined Peel Hunt in October 2011 to start the Oil & Gas franchise and leads our sector coverage. He brings strong industry knowledge and his detailed company analysis results from a solid technical background having completed an MSc in Petroleum Geoscience from Imperial College. This has proved invaluable to both corporate and institutional clients and has resulted in Werner being ranked 1st for the sixth year in a row in the Institutional Investor (Extel) Surveys.
Matt Cooper joined the team in 2018 and was ranked 3rd in the 2021 Institutional Investor (Extel) Survey. Prior to joining, Matt worked at UBS as an Associate Director in Oil Equity Research. Matt started his career at BP where he worked as a Geoscientist for seven years. Matt has also worked at the UK’s Department for Business, Energy & Industrial Strategy and has a Masters in Geology and Geophysics from Imperial College.
Prior to joining Peel Hunt, John Gilbert was an Associate Director at Macquarie as Specialist Energy Sales. John has been a specialist salesman in the Energy and Mining sectors for the last 12 years, working at specialist resources firms including FirstEnergy Capital, Libertas Capital and Fox-Davies Capital. John has a BSc in Economics & Sociology from the University of Bristol. In the 2021 Institutional Investor (Extel) Survey, John was ranked 3rd overall for UK SMID Specialist Sales, and ranking 1st in Mining specialist sales.
E&P sector outlook
Brent has continued to rise as the Ukraine war shows no sign of ending, sanctions on Russian oil increase (the EU recently banned 75% of Russian oil, increasing to 90% by YE22) and Covid restrictions ease. Brent has averaged US$103/bbl YTD vs US$42/$71/bbl in 2020/21, boosting producer cash flows.