Natural Resources >> Analyst Interviews >> July 11, 2011

Majors Explore New Frontiers & Develop North American Shales – Pavel Molchanov – Raymond James & Associates, Inc.

Molchanov, Pavel
Pavel Molchanov is a Senior Vice President 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 alternative energy/clean technology sector in 2006, followed by 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 are investors focusing on?

Mr. Molchanov: Day to day the stocks still trade predominantly on oil prices. And because oil has been linked almost one to one with