Natural Resources >> Sector Roundtables >> April 30, 2001

Roundtable Forum: Oil Services & Equipment

ROBIN SHOEMAKER is an Equipment Analyst at Bear, Stearns & Co. Mr. Shoemaker had a 13-year career in equity research at Lehman Brothers. Mr. Shoemaker was a runner-up on Institutional Investor's All-America Research Team from 1990-1992. He was listed in the Wall Street Journal's 1993 and 1996 surveys of all-star analyst. He has served as President of the Oil Analyst Group of New York and is a member of the National Association of Petroleum Investment Analysts. Mr. Shoemaker received a BA from the University of Texas at Austin and an MA and PhD from the University of Chicago. Profile
KEVIN SIMPSON joined Merrill Lynch in January 1993 as the Senior Oil Services and Equipment Analyst and has been covering the industry for over 20 years. Before joining Merrill, Mr. Simpson spent three years at Schroders and previously led Drexel Burnham Lambert's oil services research team. He has been an Institutional Investor-ranked analyst 18 times. In 2000, Mr. Simpson was named one of the 'Best on the Street' analysts by the Wall Street Journal survey for earnings estimate accuracy. He holds a Bachelor of Science degree in Economics from the University of Pennsylvania and is a Chartered Financial Analyst. Mr. Simpson is also a member of the National Association of Petroleum Investment Analysts (NAPIA). Profile
Tugman, Justin J.
Justin Tugman is a Portfolio Manager for Perkins Investment Management responsible for co-managing the Perkins Small Cap Value and Perkins Mid Cap Value strategies. He has co-managed the Small Cap Value strategy since March 2009 and the Mid Cap Value strategy since March 2015. Mr. Tugman served as a research analyst covering the energy and utility sectors upon joining Perkins in June 2004 through December 2012. Prior to joining Perkins, Mr. Tugman worked at Simmons & Company International as an analyst covering the energy sector during his four-year tenure at the firm. Mr. Tugman received his Bachelor of Science degree in finance from the University of Wyoming and an MBA with a concentration in finance from Tulane University. He holds the Chartered Financial Analyst designation and has 15 years of financial industry experience. Profile
G. ALLEN BROOKS is Executive Director of Oilfield Service Industry Research at CIBC World Markets. He joined Oppenheimer & Company in March 1997 in Houston to head up the firm's oilfield service research efforts. That franchise was expanded globally when Oppenheimer was acquired by CIBC in November 1997. Prior to joining Oppenheimer, Mr. Brooks was a Senior Vice President heading up the oil service industry research effort of Howard Weil. Prior to joining Howard Weil, he was a member of the senior management team at ENSCO International Incorporated, a Dallas-based international offshore contract drilling company. From 1969 through 1990, he worked as an oil service research analyst for several investment firms in Houston. From 1982 through 1988, he had a management consulting business, which provided market and financial research and litigation and bankruptcy support to offshore oil service companies and lenders to this industry. He is a graduate of The University of Connecticut with a BA in Economics. He holds a Master of Science degree in Economics from Cornell University. He was awarded the designation of Certified Financial Analyst in 1975. Profile
TWST: Justin, what is the business of an oil services company, its

sources of revenue?

Mr. Tugman: Well, there are varying degrees of 'services' companies. It

depends upon exactly which