Patrick Rau, Cfa Email & Phone Number

New York, Ny

• Advise ownership on key strategy, budgeting, valuation and hiring decisions.• Oversee NGI's North American natural gas spot market price survey.• In charge of new product development, and most recently created our LNG content and Mexico Gas Price Index publication.• Produce NGI's weekly EIA L48 natural gas storage estimate.• Listen to and analyze earnings calls from ~50 companies in the North American natural gas value chain each quarter, with a focus on E&P… Show more • Advise ownership on key strategy, budgeting, valuation and hiring decisions.• Oversee NGI's North American natural gas spot market price survey.• In charge of new product development, and most recently created our LNG content and Mexico Gas Price Index publication.• Produce NGI's weekly EIA L48 natural gas storage estimate.• Listen to and analyze earnings calls from ~50 companies in the North American natural gas value chain each quarter, with a focus on E&P, OFS, onshore drilling, midstream and LNG firms.• Frequently quoted by news media for my views on the North American natural gas industry. Show less

Greater New York Area

• Forecasted Henry Hub natural gas and WTI oil prices each quarter. Developed equity buy-sell recommendations for more than forty exploration & production, oil services, and onshore/offshore drilling firms. Updated those models/opinions quarterly. • Provided M&A advisory services for the partial sale of a privately held energy publishing company. Determined the fair market value of the firm, streamlined its operations prior to the transaction and helped negotiate its ultimate sales… Show more • Forecasted Henry Hub natural gas and WTI oil prices each quarter. Developed equity buy-sell recommendations for more than forty exploration & production, oil services, and onshore/offshore drilling firms. Updated those models/opinions quarterly. • Provided M&A advisory services for the partial sale of a privately held energy publishing company. Determined the fair market value of the firm, streamlined its operations prior to the transaction and helped negotiate its ultimate sales price.• Wrote and contributed articles on Energy related topics to SectorStance, an organization that provided thematic industry level research to institutional investors. Show less

Boca Raton, Florida

• Responsible for generating and monitoring non-sector specific stock recommendations for our registered representatives to present to clients, using a bottom-up, deep value based analysis that looks for companies with high returns on invested capital trading below intrinsic value. Searched for these firms via self-developed screens that use regression analysis to identify potential mispriced stocks, followed by a rigorous discounted cash flow analysis.• My selections formed the… Show more • Responsible for generating and monitoring non-sector specific stock recommendations for our registered representatives to present to clients, using a bottom-up, deep value based analysis that looks for companies with high returns on invested capital trading below intrinsic value. Searched for these firms via self-developed screens that use regression analysis to identify potential mispriced stocks, followed by a rigorous discounted cash flow analysis.• My selections formed the basis of a low turnover, long-only non-sector specific model portfolio of U.S. and foreign stocks that generated a one-year positive alpha of 10.1% (0.4% vs. a comparable time weighted -9.7% return for the S&P 500 Index). • Also established a model long-short portfolio of non-sector specific U.S. stocks that would have served as the basis for a fund Briarcliff was considering establishing. My model L/S portfolio posted a one-year positive alpha of 9.6% (13.5% vs. a comparable time weighted 3.9% from shorting the S&P 500). • Created and monitored individual stock and mutual fund/ETF portfolios for high net worth clients. Show less

• Lead analyst responsible for generating sell-side equity research investment ideas in the U.S. natural gas pipeline and midstream sector. • Generated company valuation estimates using discounted cash flow models and comparable multiple analysis, and a Net Asset Valuation model for E&P operations. Built five year forward pro-forma IS, BS, and cash flow statements. Developed investment theses and buy/sell/hold recommendations. Wrote all company and industry research reports.•… Show more • Lead analyst responsible for generating sell-side equity research investment ideas in the U.S. natural gas pipeline and midstream sector. • Generated company valuation estimates using discounted cash flow models and comparable multiple analysis, and a Net Asset Valuation model for E&P operations. Built five year forward pro-forma IS, BS, and cash flow statements. Developed investment theses and buy/sell/hold recommendations. Wrote all company and industry research reports.• Evaluated the accretion/dilution and cash flow effects of M&A activity, and incorporated those results into my target stock price estimates. Show less

• Assisted lead analyst in developing equity investment ideas in the U.S. semiconductor sector. Updated valuation models.• Produced and updated each quarter a two-year revenue, unit volume, and average sales price forecast for the U.S. semiconductor industry, which formed the basis for our individual company financial projections.

• Assisted lead analyst in developing equity investment ideas in the U.S. chemicals and semiconductor sectors.• Prepared research for submission to First Call, updated valuation models, and maintained a database on FactSet.

Woodbridge, Nj

• Hired into Hess’ M.B.A. development program to prepare for a potential management position. Received extensive “hands-on” training on Hess’ North American E&P and refining operations. • Devised a 5-year strategic plan for increasing Hess’ profitability in and shares of the U.S. Northeast and Mid-Atlantic retail natural gas sales markets. Analyzed numerous local distribution company and electric utility tariffs in these regions, and scheduled and balanced natural gas deliveries into… Show more • Hired into Hess’ M.B.A. development program to prepare for a potential management position. Received extensive “hands-on” training on Hess’ North American E&P and refining operations. • Devised a 5-year strategic plan for increasing Hess’ profitability in and shares of the U.S. Northeast and Mid-Atlantic retail natural gas sales markets. Analyzed numerous local distribution company and electric utility tariffs in these regions, and scheduled and balanced natural gas deliveries into several Northeast pipelines.• Developed a binomial valuation model for pricing the embedded options in Hess’ dual fuel sales products. Show less

Mba, Finance

Activities and Societies: Beta Gamma Sigma (International M.B.A. Honor Society), Georgetown Investments Club

Bachelor Of Arts (B.A.), Economics

Activities and Societies: Omicron Delta Epsilon (Economics Honor Society)