Natural Resources >> Analyst Interviews >> July 14, 2003

E&p Companies & Coal Mining: David Khani – Friedman, Billings, Ramsey Group Inc

David M. Khani joined FBR & Co. in August 1998 as a Vice President in the energy equity research group, following the oil and gas exploration and production and coal mining industries. He has more than 11 years of investment experience, including five years following various industries in the energy sector. Prior to joining FBR & Co., he spent three years covering 17 large-capitalization companies in the oil and gas sector at Bear Stearns and Prudential Securities. Prior to that, he spent two years at Lehman Brothers following 18 companies in the coal mining and local gas distribution industries. Mr. Khani received his BA in Biological Sciences from the State University of New York at Binghamton and his MBA in Finance and Corporate Accounting from the William E. Simon Graduate School of Business at the University of Rochester. He is a member of the Association for Investment Management and Research (AIMR) and the Washington Society of Investment Analysts. Profile
TWST: Why don't we start with what's happened in the last six months to

the oil and gas E&P companies. Then we will discuss the coal mining

stocks in your coverage.

Mr. Khani: In the last