David Thomas, who joined Mirabaud Securities to cover the oil & gas services sector, has now initiated coverage on seven stocks with a positive view of the sector. His coverage includes Amec Foster Wheeler, Aker Solutions, Petrofrac, Saipem, Subsea 7, Technip and Wood Group. This hire complements Mirabaud’s existing coverage of the E&P sector led by Richard Savage, and the Spanish stocks Repsol and Tecnicas Reunidas covered by its Madrid team. This expansion demonstrates Mirabaud’s long term commitment to equities, and is evidence of its strategy for steady expansion of high quality pan-European research, with the objective of providing deep, insightful and fundamental coverage of the sectors that its clients care most about and where it can add value.
Nicolas Tissot, CEO of Mirabaud Securities, said: “I am very pleased to welcome David Thomas to Mirabaud. He is a recognised expert in the oil & gas sector and his experience and market understanding will complement our team and offer a key benefit for clients. We see significant opportunities in the petrochemical equities market and David Thomas will be a great asset in maintaining our position in this sector.”
David Thomas brings more than 13 years in equities research and 17 years with large oil & gas exploration and production companies to his new role. He joins from Credit Suisse, where he served as senior oil & gas analyst. David Thomas has also held research roles at Cantor Fitzerald Europe, Unicredit, Citigroup, Deutsche Bank, Standard & Poor’s and Commerzbank, and began his career with Shell UK.