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.
Forecasted total cash flow through 2027 is sufficient to support continued shareholder dividends, noted Auctus Advisors in a report.
On this news, the oil and gas explorer-producer's target price is raised, now implying 111% return potential, Auctus Advisors noted in a report.
Panoro Energy ASA (PEN:OSE; 1PZ:FRA) recently reported increased production and upcoming exploration catalysts, according to an Auctus Advisors research note.