Energy & Natural Resources Expertise
Working out of its Houston and Washington offices, FBR's Energy & Natural Resources Investment Banking group serves a broad range of clients in the oil and gas exploration and production, refining, utilities, mining and alternative fuels sectors.
The Energy Research team’s coverage of exploration and production, refining and integrated oil companies, oil services and coal companies is highly respected, as is its energy policy research. In addition to a unique commodity supply and demand matrix monitoring backlogs in the refining sector, FBR publishes the Weekly Refining Rundown and periodic Energy Trends and Policy reports. Because of our track record, senior FBR gas, oil, coal and policy analysts are frequently quoted in leading financial and energy industry trade media.
Investment Banking
During a relatively slow period in the oil and gas investment banking market, the group broadened its franchise beyond the oil and gas sector, completing its first transactions in minerals and power generation – a $206 million private placement for a leading U.S. metals producer and a $777 million private placement for a power generation company. In 2007, FBR continued to be the #1 book-running manager of all common stock offerings for domestic mining, oil and gas, and utility and energy companies with a market capitalization of $1 billion or less.1
Institutional Brokerage
As of June 2011, our Energy & Natural Resources Research group provided coverage of more than 60 companies.
Investment Banking Leads
FBR believes that the independence and integrity of our Research team are paramount to our mission. FBR Research is completely independent from FBR Investment Banking.
Research Analysts
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David Hilal, CFA
Director of Research, Senior Managing Director and Group Head of Technology, Media & Telecom