Natural Resources >> Analyst Interviews >> February 5, 2014

Large-Cap Oil and Gas Producers Aim to Balance Capital Spending and Free Cash Flow

Molchanov, Pavel
Pavel Molchanov is a Director and Equity Research Analyst at Raymond James & Associates, Inc. He joined the firm in 2003 and began work as part of the energy research team, becoming an analyst in 2006. He initiated coverage on the integrated/multinational oil and gas sector in 2009. Mr. Molchanov has been recognized in the StarMine Top Analyst survey, the Forbes Blue Chip Analyst survey and The Wall Street Journal Best on the Street survey. He graduated cum laude from Duke University in 2003 with a B.S. in economics, with high distinction, writing his senior honors thesis about OPEC’s oil output policies. Profile
TWST: As you look at the space, what's the key focus of investors?

Mr. Molchanov: When it comes to large-cap oil and gas producers, the key focus of investors right now is capital