Curt Launer is a natural gas and master limited partnership Analyst at Deutsche Bank Securities Inc., based in New York. Mr. Launer has more than 20 years of equity research experience and has achieved 19 appearances on the Institutional Investor All-America Research Team with 12 number one finishes in the natural gas sector. He recently was named to Institutional Investor's Best Analysts of All Time list and recently was inducted into the Institutional Investor Hall of Fame. Mr. Launer joined Deutsche Bank in 2010 as a Managing Director in the natural resources group focused primarily on the corporate coverage of the midstream energy and MLP sector. Profile
TWST: Curt, how are competition, consolidation, and convergence changing
the landscape for natural gas distributors and pipelines?
Mr. Launer: Competition has been the driving force in the