Natural Resources >> Sector Roundtables >> February 12, 2001

Roundtable Forum: Natural Gas Industry

RONALD J. BARONE is the Managing Director of the Natural Gas & Electric Utilities Group of UBS Investment Research. An analyst since 1971, Mr. Barone specializes in natural gas pipelines/distribution companies, electric utilities, independent power producers, and energy master limited partnerships. He has been ranked on Institutional Investor's All-American Research Team for 29 consecutive years, including a number one spot in the natural gas category in 2003. Prior to the UBS AG acquisition of PaineWebber Incorporated, Mr. Barone was the natural gas analyst at PaineWebber. Prior to that, he followed natural gas and electric utilities at Kidder Peabody & Co. Mr. Barone earned an MBA degree from New York University and a BA degree in Economics from Manhattan College. Profile
David N. Fleischer is a Managing Director with Goldman, Sachs & Company, where he is on the Investment Policy and Stock Selection Committees. He is responsible for coverage of natural gas companies and master limited partnerships. Prior to joining the firm, Mr. Fleischer spent 17 years as a Securities Analyst at several major financial institutions and investment firms. He earned a BA degree in Economics from the University of Pennsylvania and an MBA in Finance from The Wharton School. Mr. Fleischer is a CFA and was a Lieutenant in the U.S. Navy. Profile
CURT N. LAUNER is a Managing Director in the Equity Research Department at Credit Suisse First Boston which merged with Donaldson, Lufkin & Jenrette until the merger with in October 2000. Mr. Launer covers the Natural Gas & Power sector and is especially recognized for his research and analyses of Enron Corp. and El Paso Energy. He began his career as an accountant working for Arthur Young & Company and Mobil Oil Corporation. Mr. Launer was previously associated with L.F. Rotschild, Unterberg & Towbin and Gruss Petroleum Management. He received a BS in Accounting from the State University of New York at Buffalo. Profile
TWST: Last year, Curt identified several factors as positives that

pointed to the diversified natural group performing very well in 2000

and over the next several years: a rising earnings growth