Equities research analyst leading on Energy. Notable research:- The Energy Company Trilemma. A pioneering piece which creates a capital allocation framework for oil and gas companies in the context of the energy transition. Applauded by investors, the Trilemma framework allows for analysis on shortcomings in corporate strategy, remuneration, and ultimately equity valuation.- Is Australian Oil & Gas Too Hard? A review of regulatory and government risks and how investors should price the cost of equity. This included detailed supply demand modelling of east coast gas to ascertain GLNG financial impacts from ADGSM, NOPSEMA ALARP rules for Bass Strait restoration provisions, slated PRRT changes on Pluto cash flows, and environmental approval pathways for Barossa and Scarborough. - WDS vs STO financial returns through the capex cycle. Using the measures of revenue growth and ROIC expansion in constant commodity terms, we found WDS could only maintain flat production for $20bn of capex with ROIC expanding from WACC to a level still below its hurdle rate. STO however expanded ROIC to mid teens with 20% top line growth, despite the same execution risk profile. We concluded with a pair trade which earned ~20% over the six month trade horizon to mid-Dec. - Diagnosed that WDS was on the cusp of a downgrade cycle for its 2023 IBD disclosures. 2023 Starmine: 5 stars for stock picking (98th percentile) and 4 stars for earnings accuracy. Bloomberg: #1 stock picker in Energy with 20% alpha and a score of 83pts versus #2 at 63pts.2023 Peter Lee: 2nd place in Peter Lee Top 20, 3rd place for Citi Priority Accounts. This is despite only covering four stocks and taking on coverage part way through 2023.In 2023 I advised the bureaucracy to make two important changes to proposed legislation: 1) carving out small producers from price caps, and 2) a 7 year period for new projects to not pay accelerated PRRT.

A member of the 2021 First Believers cohort of next generation angel investors. First Believers supports aspiring and budding investors in building the confidence and networks they need to invest in the next wave of entrepreneurial talent.I am an investor in Startmate’s Small Bets fund. This is an angel investing fund leveraging the expertise of the First Believers for both deal flow and due diligence. Raising equity for your early stage venture? Reach out!

Original investor in and advisor to founder for start up e-commerce and physical retail brand Baby HQ.

Baby HQ is a baby goods retailer in both online and physical channels. As a young business, my role was quite diverse but essentially focused on creating a strategy to scale. Key responsibilities included: Growth strategy, capital formation, financial controls and accounting, risk management particularly working capital, market research, data analysis, commercial negotiations, and human resources.Running a business you own is extremely rewarding. This is in terms of building something real that employs people, solves a customers' needs, and the commercial acumen that you develop by wearing so many hats. I believe everyone should have a crack at something entrepreneurial in their careers. Regardless of whether it works out or not, you become a better operator, investor, manager, and person overall by developing a deeper empathy for employees and customers.

Lead analyst for the Energy, Utilities and E&C sectors in Australia.Client performance:#1 Australian Energy analyst in 2020 and 2021 Institutional Investor surveys (by both total votes and commission weighted). Ranked 38th out of >250 equity analysts.#1 Australian Energy analyst in 2019 Peter Lee survey (both Citi focus accounts and the Peter Lee Top 20, #4 for All Investors list).#1 stock picker on Bloomberg in 2019 for both Energy and Utilities.9th most accurate stock picker on Starmine in Australia in 2019 across all sectors, socring 5 stars and 99th percentile.#4/20 publishing analysts at Citi for client vote scorecard in 2019.Experience: Upstream oil and gas, LNG, midstream, refining and fuel distribution infrastructure, marketing, generation, electricity transmission and distribution infrastructure, energy retailing, petrol retailing, and engineering & construction.My value add: Combining a view of global gas markets with a balance sheet focus and technical expertise.Noteworthy research:-Correctly called Harbour needed to raise their bid for Santos, but also argued STO was worth more as a public company. The research was used by investors to convince the chairman not to sell.-Conviction call on capitulating prices for new LNG contracts on not only supply competition but doubts on pace of global gas demand growth. Coupled with feedback from various Asian LNG tours with clients.-Strong doubts over WPL’s Burrup Hub returns and detailed modelling of credit metrics which suggested the balance sheet capacity was insufficient for the capex - the projects were ultimately delayed.-Correctly forecast WPL’s provisioning of an onerous contract for Corpus Christi.-Only analyst to predict that OSH’s deteriorating creditworthiness would result in a highly dilutive equity raise during COVID.-Contract-by-contract analysis of each company's LNG projects to determine the impact of periodic price reviews, including the threat/impact of arbitration proceedings.

Lead analyst for the utilities sector.Notable research: First to market on the earnings risk to AGL from retail competition. Identified $500m of cost savings for Origin's APLNG plant ahead of their announcement of the same by interviewing CSM operators in QLD. During the height of political pressure on AGL in 2018 our analysis identified that the policies aimed at the company were more bark than bite and our upgraded buy recommendation saw a 20% return over a six month horizon. Bloomberg measures of absolute returns for stock recommendations during my 10 months as utilities lead: #1 of 12 analysts for ORG, AST, SKI, #2 for AGL, #4 for APA

- Citi Energy Team ranked 2nd in Australia (2016 Peter Lee survey), Top 3 in Australia (2016 East Coles), and #1 for earnings accuracy, #2 for stock picking in Energy in Australia, and #6 overall team in Australia across all sectors (2016 Starmine).- Citi Australia's #1 ranked associate in 2016 (per client feedback scorecard).- Deep industry knowledge and thought leadership recognised through promotion to Senior Associate after just one year in the finance industry.- Modelling over 50 LNG projects around the world, including complicated PSC models, to create our proprietary LNG supply cost curve, at the time the most comprehensive in publication.- Co-published the LNG Landscape report which was rated a Top 10 report for 2016 globally by Citi's global head of research (i.e. 99.99th percentile).- Modelling every East Coast Australian gas field in operation or proposed for development to determine the supply outlook, and concluded, 2 years prior to the East Coast "energy crisis", with a non-consensus view that the market was not structurally short of gas supply, but policy and corporate capital allocation needed to incentivise development.- Toured operations in Kurdistan (Iraq), Papua New Guinea, Western Australia, and China (Shanxi) with management teams of various companies under coverage. - Toured Gladstone LNG projects via helicopter during construction and interviewed the senior project managers alongside the Senior PM of a large sovereign wealth fund (>$100bn AUM).- Team renowned amongst clients for detail, with our hypotheses backed up by data and rigorous analysis.

Governance of the sport in NSW. Chair of the Risk Committee. CEO remuneration, budget approval, social media.

Reservoir management of the Usano oil field (Kutubu): Increased production rates by 30% to 6,500 STBPD and expected ultimate recovery by 20% (~5 MMSTB) by working with the reservoir engineer to modify the depletion strategy, including new wells and well workovers. Creating Prosper/GAP models assisted in justifying this acitivity. The ability to add such material and significant value to the company is what I found particularly rewarding.As a champion of production data management, I moved our production data from Excel into a relational database supported by off the shelf oil industry software. By the end of my employment I had created an automated data flow system from Babelfish → Avocet → OFM → Petrel/Eclipse saving the organization hundreds of technical man hours each year whilst enhancing their ability to analyze the data. This project was completed on budget (~$250k) and on schedule.Through my own initiative I revolutionized the way Oil Search approaches their non-rig well work opportunity maturation process. The principle was to have an opportunity register through which the program and its technical justification could be written and approved. The solution adopted Toyota’s Lean manufacturing philosophy to streamline the process. I designed the software myself and led the development team.A core value of mine is safety. I was Subsurface Safetry Champion in 2011 which involved chairing departmental safety meetings, organizing health initiatives and providing guidance in corporate safety meetings chaired by our CFO. I also conducted over a dozen safety tours in operational sites in PNG.I was fortunate enough to be able to manage an undergraduate student from August 2012 to November 2013. I found it incredibly rewarding to be able to mentor them and teach the technical principles underlying their work which consequently lead to increasingly better results over time. I have a strong ambition to manage again in the future.