Natural Resources >> Analyst Interviews >> July 27, 2009

Oil & Gas E&p Outlook – Philip J. Mcpherson – Global Hunter Securities, Llc

Philip J. McPherson is a Senior Analyst in the Energy Group at Global Hunter Securities, LLC. He joined the company in June 2007 as a Senior Equity Research Analyst in the Energy Group. Prior to joining GHS, he was Director of Research at C. K. Cooper & Company, a boutique investment banking firm located in Irvine, California, which focused exclusively on small-cap exploration and production (E&P) companies. In his role at C. K. Cooper, he was responsible for new initiations of E&P companies; additionally he generated the firm's macro economic analysis in relation to oil and natural gas price forecasts, which in turn generated the firm's price decks. These price decks were used to generate earnings and cash flow estimates for the firm's peer group of 20 small-cap E&P companies. He joined C. K. Cooper in July 2001 as an institutional salesman. Shortly thereafter he moved to the research department and was promoted to Director of Research in January 2003. He was rated a 5-star analyst by Zacks in 2002, 2003, 2005 and 2006. Prior to joining C. K. Cooper, he was a Partner in Mission Capital which was acquired by C. K. Cooper in 2001. He began his career in the securities industry at Mission Capital in March 1998 as a retail stock broker. He graduated from East Carolina University with a BA degree in Economics. Profile
TWST: What is the volatility in oil prices doing to the E&P space?

Mr. McPherson: Lately, at least for the last six months, it's been kind of a

case of the tail wagging the dog, where the