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 at Auctus Advisors where he runs institutional equity research. 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. Mr. Foucaud also worked for Schlumberger for seven years in various technical, operational management and corporate strategy roles globally. He received a master’s degree in engineering from the National School of Electrical and Mechanical Engineering in France, a master’s degree in exploration production from the French Petroleum Institute, and an MBA from INSEAD in France. 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?

Mr.