Natural Resources >> Analyst Interviews >> September 14, 1998

Major International Oils : Wendy Anderson – Lehman Brothers

WENDY ANDERSON is an Executive Director and Equity Analyst covering Continental European and Emerging Energy markets. She is based in London, having moved to the firm in May 1996 to take up this role. Prior to joining Lehman Brothers, Ms Anderson has been covering the European Oil Sector since 1988 from both New York with Capital Resources (1988-1990) and from London, where she was Director with both NatWest Securities (1990-1994) and CS First Boston (1994-1996). Ms Anderson holds a B.A (First Class Honours) in Economics from Edinburgh University. She has been ranked between 1-3 in the European Oil Analyst Category over the last 5 years in the key surveys from Institutional Investor, Greenwich and Extel. Stocks under coverage include BP Amoco, Royal Dutch Shell, Eni, Elf, Total, Repsol, Norsk Hydro, OMV, Petrofina, Enterprise, Lasmo. She also covered the Russian Oils and Eastern European Companies at previous firms. Profile
ROBIN SHOEMAKER is an Equipment Analyst at Bear, Stearns & Co. Mr. Shoemaker had a 13-year career in equity research at Lehman Brothers. Mr. Shoemaker was a runner-up on Institutional Investor's All-America Research Team from 1990-1992. He was listed in the Wall Street Journal's 1993 and 1996 surveys of all-star analyst. He has served as President of the Oil Analyst Group of New York and is a member of the National Association of Petroleum Investment Analysts. Mr. Shoemaker received a BA from the University of Texas at Austin and an MA and PhD from the University of Chicago. Profile
PAUL Y. CHENG is a vice president of Lehman Brothers' U.S. Equity Research division where he specializes in North American integrated oil companies and independent refiners. Previously, he was associated with Kidder, Peabody & Co., Inc. A Chartered Financial Analyst, Mr. Cheng earned both his Bachelor's degree in Computer Applications and his M.B.A. in Finance and International Business from New York University. Profile
TWST: Wendy, tell us about the universe of companies that you look at

and the markets that you focus on.

Ms. Anderson: The universe of companies I look at are the U.K.,

European and Emerging