Energy – Oil & Gas Exploration & Production: Second 2012

Even though he slips from the top spot, Thomas Driscoll of Barclays continues to impress money managers.


Thomas Driscoll
Barclays

Even though he slips from the top spot, Thomas Driscoll of Barclays continues to impress money managers with his “valuation work, which is focused on true fundamentals and is never sugar-coated,” insists one loyalist. Driscoll favors companies that “can handle the cost-inflation pressures and the competitive pressures and execute.” Examples include EOG Resources and Noble Energy, both of which are headquartered in Houston. EOG is “well positioned across the oil-shale industry, and I think they’re going to outgrow their peers and create a whole lot of value,” he explains. The more globally diversified Noble has five key assets, “all of which will grow at probably double-digit rates in the next half-dozen years,” Driscoll says. With the U.S. emerging as a major shale player and with shale-oil production ramping up quickly, the industry faces environmental and infrastructure challenges, he adds; nonetheless, “the general belief is that pipeline infrastructure in the U.S. will be built, although the timing and exact method are uncertain.”

Related