David Rewcastle is a Fixed Income and Equity Analyst with experience in Finance and Economics. For nearly two decades, David has worked as an analyst in various industry sectors, initially focusing on Energy and Utilities, earning numerous awards along his journey as a senior analyst. He is currently working as a Senior Analyst at an independent Research and Analytics Company and as an Instructor at the University of New Haven.
Among his achievements, the most notable is winning the Wall Street Journal’s “Best on The Street” award in the Oilfield Services Sector. He has also been rated by Financial Times as the #3 analyst. He is also frequently quoted in Bloomberg News, Wall Street Journal, Forbes, Investor’s Business Daily, USA Today, and several regional papers about the energy, gas utility, and unconventional energy sectors.
We recently had the chance to speak with David Rewcastle. We discussed various things, including his work as an energy analyst and professor and his views on current crises and the future of the energy division.
How Did David Rewcastle Get Started In Energy Analysis?
I received a Master of Arts & in Business Administration with Finance and Petroleum Economics Major from New York University. In the late 1980s, I went to work for Schlumberger in Alberta, Canada, as an analyst in the Western Geco Seismic Division. My responsibilities included database maintenance, conceptual and quantitative interpretation of seismic data, and planning and analysis to develop contract bids for oil and gas seismic exploration projects.
Later, in 2003, I was hired by September Group Partners Research in New York, NY as a Market and Securities Associate Analyst in the Energy sector. I worked as a Buy-Side Equity Analyst, specializing in the energy industry and market trends.
While at September Group, I identified several actionable short-term and long-term market catalysts early in my role. This was an excellent introduction to market trends and the excitement of the NYSE.
Tell Us About Your Journey As A Senior Analyst.
I’ve been a senior partner and analyst at E3 Research Associates, an independent third-party research firm specializing in equities, energy, and economics, since 2018. My consulting work includes research and analysis for publicly traded and privately held companies. In recent years, I have expanded my research into the biotechnology sector.
I came to E3 Research Associates from RHK/Source Capital Group & Compass Point Partners in Westport, CT, where I was a Senior Analyst of Energy-Related Equities and Fixed-Income Products. Before this, I worked as a senior energy analyst at Divine Capital Markets in New York, NY, covering oilfield services, gas utilities, and energy-related equities.
In addition, I also worked at Argus Research Corporation in New York, NY as an analyst of oilfield services, gas utilities, and energy-related equities.
How Will You Define Cashflow Projections?
A cash flow projection shows how much money is or isn’t flowing into your company. This will assist you in identifying months and categories where expenses are greater than expected. This data can help to detect potential issues before they become serious.
Cash flow forecasts help businesses plan for remedial action, such as fine-tuning payment collection methods, liquidating assets, and approaching lenders. It also assists you in predicting the surplus and mitigating the negative impact of cash shortages.
How Has Your Teaching Experience At The University Of New Haven Been?
In 2020, I began teaching an Economics course called Energy in America. The course examines the energy and utility sectors of the U.S. economy and the changes that may affect other sectors. My LinkedIn profile goes into greater detail.
This course focuses on the history as well as the economic principles, foundations, and current policies of European economic integration.
What Are Your Thoughts About Recent Energy Crises?
We have never seen anything like the energy crisis of 2022. We are facing oil and gas blockades imposed in a foreign conflict while dealing with a pandemic. Furthermore, the world is amidst a massive transition to renewable energy.
The critical components of solar and wind power are affected by tariffs, shortages, and clogged supply chains. Moreover, it is nearly impossible to begin new investments without knowing whether Russian oil or gas will be unavailable for months, years, or decades.
The current oil shock, in my opinion, is only the beginning. And it’s not just about oil. It is also about other industrial and food commodity markets that impact the economy. It may also cause even more disruption to the global supply chain than we have already seen.
Do You Think Energy Inflation Will Decrease Soon?
I am confident that the Fed has the conviction required to do what is necessary to reduce inflation.
I also believe that there are immediate ways to reduce energy prices. When it comes to lowering demand, the United States will almost certainly have to bear a greater share of the burden through monetary policy. The Fed will have to keep an eye on the data to see what happens with supply and demand. This will assist them in making the best decision possible.
Summarizing Up The Interview with David Rewcastle
David Rewcastle has been a well-recognized energy and utility analyst for nearly two decades. In his interview, he told us about his journey from a master’s graduate to a senior analyst and then into the teaching profession.
His thoughts on recent energy crises were noteworthy. David Rewcastle told us that he believed that biotechnology could benefit the fossil fuel industry by assisting in the production and revamping of fossil fuels, as well as biological treatment of water, ground, and air and corrosion control.