Energy coverage - M&A and capital markets advisory

Energy coverage

• Conducted extensive company and market research in the upstream oil & gas industry.• Published over 100 investment notes covering an array of U.S. listed exploration and production companies with an EV ranging between ~$500MM to ~$5BN.• Developed and maintained detailed financial and operating models to evaluate intrinsic value and relative valuation for ~20 public companies. • Regularly constructed comprehensive written reports for 20 individual companies and led developments of an initiation report and weekly overview reports providing quantitative & qualitative analysis of company valuation & trading metrics, industry news, and commodity markets.Selected Coverage Universe: CDEV, CHK, CPE, CRZO, FANG, HPR, JAG, LPI, MGY, MTDR, PDCE, PE, QEP, SM, SRCI, WLL, WPX, and XEC

Based in Houston, The Mitchell Group ("TMG") was founded in 1989 as a registered investment advisor focused exclusively on investing in publicly-traded energy equities on a long-only basis. The firm’s value-oriented investment process is implemented by an accomplished investment team with both investment management expertise and energy industry experience.Ethan Stanley's role in the firm:• Built and maintained unique company models utilizing financial statements, hedges, and operations to forecast cash flows and support valuation efforts for potential investment opportunities. • Supported Senior Analyst by collecting company data from management interactions and reviewing all SEC filings and company documents to dial-in models.Selected Coverage Universe: Anadarko, Apache, Callon Petroleum, Cimarex Energy, ConocoPhillips, Devon Energy, EQT, GeoPark, Hess, Magnolia Oil & Gas, Noble Energy, Occidental Petroleum, Pioneer Natural Resources, Range Resources, Rowan, Schlumberger, WildHorse Resources, WPX Energy.