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Industry Sectors: Oil & Gas

Alastair Syme, who was co-­captain of last year’s top-­ranked BofA team, returns to the winner’s circle — this time as sole leader of the four-­member crew at Nomura, which the 40-year-old analyst joined in April.

Alastair Syme & team Nomura

second teamMark Iannotti & team BofA Merrill Lynch

third teamLucas Herrmann & team Deutsche

Alastair Syme, who was co-­captain of last year’s top-­ranked BofA team, returns to the winner’s circle — this time as sole leader of the four-­member crew at Nomura, which the 40-year-old analyst joined in April. The team, a runner-­up last year, is “essential for information and recommendations,” insists one buy-­sider. In May the researchers advised investors that shares of U.K.-­based energy behemoth BP were a bargain at 487.44p. By the end of the year, they had shot up to 600p, a 23.1 percent gain that beat the sector by 11.4 percentage points.

The six-strong BofA squad, guided solely by Mark Iannotti since Syme’s departure, slips to second place, but the analysts “continue to deliver a high-­quality product backed by equally strong ser­vice,” says one longtime backer. The team upgraded Austrian integrated oil provider OMV from neutral to buy in January 2009, at €19.36, largely on valuation. By late December it had catapulted 57.4 percent, to €30.48.

Climbing from runner-­up to third place is the Deutsche trio helmed by Lucas Herrmann. The team, considered “a step ahead of the competition” by one port­folio man­ager, also alerted their clients to a money­making opportunity in BP, which they upgraded from hold to buy last February, at 419.03p. The stock gained 43.2 percent through December, outpacing the sector by 20.1 points.

To go back to the index page, click on the Best European Analysts of the Year: 2010 All-Europe Research Team.

To read the article, click on: Reversal of Fortunes: The 2010 All-Europe Research Team.

Click here to access the complete rankings of the 2010 All-Europe Research Team.

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