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.
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 technical background having completed an MSc in Petroleum Geoscience from Imperial College. This has proved invaluable to both corporate and institutional clients and resulted in Werner being ranked 1st for seven years in a row in the Institutional Investor Surveys.
Sam Wahab joined Peel Hunt’s Oil & Gas team from Liberum where he covered the Energy sector. He has 17 years’ experience including roles as Head of Oil & Gas Research at Cantor Fitzgerald Europe and SP Angel. Prior to moving into equity research, he qualified as a Chartered Accountant at PwC.
Andy Crispin has joined the team as Natural Resources & Energy Specialist Sales, bringing 30 years’ experience. Having started out as an analyst at SocGen in the mid-1990s, he moved into specialist sales covering Industrials in 1998 until 2008 at Merrill Lynch when he switched to Energy. More recently he has expanded coverage to include Energy Transition, Renewables and Resources.
Highlights
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.