Pavel Molchanov

Pavel Molchanov, Research Analyst-Equity Research at Raymond James & Associates
Inc., joined the firm in June 2003 and has worked as part of the exploration and
production research team since that time. He also initiated coverage on the
alternative energy sector in fall 2006. He became an analyst in January 2006 and
was recognized in the Forbes/StarMine Top Analyst Survey in 2007. He graduated
cum laude from Duke University in 2003 with a Bachelor of Science degree in
Economics, with high distinction, writing his senior honors thesis about OPEC’s
oil output policies.