Auctus Advisors
Stephane Foucaud runs institutional equity research at Auctus Advisors. He co-founded the UK business of FirstEnergy Capital (now part of Stifel Nicolaus Europe) in 2009. Foucaud was a managing director for Equity Capital Markets responsible for European institutional research. Under his tenure, he was consistently highly ranked in the annual Extel survey and was selected as the #1 stock picker in the Energy sector by Thomson Reuters (previously Starmine) in its 2017 analyst awards. Before GMP FirstEnergy, he was a senior oil and gas analyst at Société Générale in London. Foucaud also worked for Schlumberger for seven years in various technical, operational management and corporate strategy roles globally. He holds a Master of Science in Engineering from the National School of Electrical and Mechanical Engineering of Nancy, France; a Master of Science in Exploration Production from the French Petroleum Institute and a Master of Business Administration from INSEAD in France.
The deal, made with a "high-quality" Czech oil and gas producer, will help fund and speed up development of the Austrian project, noted an Auctus Advisors report.
This Australian company has seen its resources at its projects in Austria upgraded. One analyst says the benefit is as much about risk reduction as it is about an increase in barrels.