Natural Resources >> Sector Roundtables >> March 1, 2004
Rehan Rashid joined Friedman, Billings, Ramsey Group, Inc., in September
1998 as a Vice President in the energy equity research group,
specializing in the oil and gas exploration and production (E&P) sector.
He has covered this sector for more than five years. Prior to joining
FBR & Co., he was an Associate Analyst at PaineWebber, covering the oil
and gas exploration sector. Prior to that, he spent two years at
Jefferies Inc. He received his BS in Accounting and his MBA in Finance
and Accounting from the University of Houston. Profile
John Gerdes recently joined SWS Securities as Senior Vice President and
head of energy equity research, with his principal focus the E&P sector.
Prior to joining SWS, he served as a Senior E&P equity analyst at Frost
Securities and Raymond James. Preceding his transition to equity
research, he worked as an investment banker with Jefferies & Company and
Solomon Brothers, specializing in energy transactions. Prior to
graduate school, he worked in various technical and management
capacities with ARCO and Shell. He received a BS in Petroleum
Engineering from the University of Tulsa in 1986 and an MBA with a
concentration in Finance from the University of Chicago in 1994. Profile
David M. Heikkinen is Hibernia Southcoast Capital's senior exploration
and production analyst. He follows and writes analysis on more than 20
companies. Prior to joining HSC in March 2000, Mr. Heikkinen worked with
Shell International Exploration and Production and Shell Offshore both
of New Orleans, in various roles, including project management and
subsea and reservoir engineering. He received a Bachelor's degree in
Mechanical Engineering from the University of Missouri-Rolla and an MBA
from Tulane University. Profile
TWST: John, what's gone on from a market perspective in the E&P segmentover the last year or so?
Mr. Gerdes: A year ago you would have evidenced a market sentiment that
suggested fairly