Natural Resources >> Analyst Interviews >> February 10, 2022

Rotation of Capital Away From Fossil Fuels Curbs Exploration, Constrains Supply

Foucaud, Stephane
Stephane Foucaud is a founding partner and runs institutional equity research at Auctus Advisors LLP. He co-founded the U.K. business of FirstEnergy Capital (now part of Stifel Nicolaus Europe) in 2009. Mr. Foucaud was a managing director for Equity Capital Markets responsible for European institutional research. Under his tenure, he was consistently highly ranked in the annual Extel survey and was selected as the #1 stock picker in the energy sector by Thomson Reuters (previously Starmine) in their 2017 analyst awards. Before GMP FirstEnergy, he was a senior oil and gas analyst at Société Générale in London and worked for Schlumberger for seven years in various roles globally. Profile
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TWST: Over the last 20 years the energy sector seemed to undergo large changes. What are the basic differences between how it once ran and now?