Natural Resources >> Analyst Interviews >> September 9, 1998

Exploration & Production Stocks : Shawn A. Reynolds – Lehman Brothers

SHAWN A. REYNOLDS is a senior equity research analyst at Lehman Brothers Inc. He recently transferred to New York from the London research depart-ment. Mr. Reynolds has a broad international backg-round having worked in the U.S., U.K., Australia, Russia and Greece. His focus in New York will be U.S. and Canadian E&P companies. Previously, Mr. Reynolds was associated with CS First Boston. Prior to joining the securities industry, he was a petroleum geologist for Sohio, Tenneco Oil and Mesa. Mr. Reynolds earned his M.A. degree in petroleum geology from Cornell University and his M.B.A. from Columbia Business School. JOHN M. SELSER is a Senior E&P Analyst at Lehman Brothers. Pre-viously, he was associated with Mobil Oil and Howard, Weil, Labouisse, Friedrichs. Mr. Selser earned both a B.S. degree in civil engineering and a B.S. in petroleum engineering from Louisiana State University and his M.B.A. from Tulane University. Profile
TWST: Tell us about the universe of E&P stocks that you follow for

Lehman Brothers.

Mr. Selser: We follow the independent oil and gas producers, the pure

play upstream portion of the oil