September 6, 2020
July 20, 2020
July 17, 2020
Welcoming Aurelien Bonneviot as Head of Mining
Most of you have now been long term subscribers to Palissy’s research product. You know we share a vision that commodity and equity research should be different from the classic research bank model. More simply put, we believe that all research should be actionable.
Today, we’re excited to share how we’re accelerating and further realising that vision with Aurélien Bonneviot joining as Head of Mining and Metals.
He brings us his research and investment backgrounds both on mining commodities and commodity sector equities. Aurélien started as a mining equity analyst with Socgen and Oddo and moved to a fund manager position where he was helping to manage €19bn at SMA Gestion in Paris, running both commodity and commodity equity funds for 4 years. He then joined Louis Dreyfus Metals’ Trading Investment team for 5 years where he was managing transactions between junior mining companies, producers, shippers and smelters across the globe. He was most recently a Senior investment Manager for Greenstone Resources, a $500m private equity fund investing in listed mining companies based in London.
Aurelien and I have been exchanging our views of the market for over 10 years now and I am excited to be able to include his input and knowledge to the research product. Having worked for one of the largest physical trader and junior mining companies, he has a deep understanding of the mining sector from exploration to production. Throughout his career he has lead technical and financial due diligence site visits around the globe with mining experts (mining engineers, geologists, metallurgists) which gives him a “boots on the ground” approach to the sector and a strong understanding of the risks and opportunities. Aurelien has also managed capital and is intimately convinced that research should be high quality and more importantly, actionable. He is a well-known and respected analyst by senior management at the largest diversified mining companies and I see his arrival as a great validation of our mining differentiated independent research business model. I believe Aurelien will lead our mining practice successfully and that this, is an important milestone for Palissy Advisors.
Anish Kapadia and everyone at Palissy are joining me to express our deepest appreciation to our clients, who have entrusted us to help them optimise their investments in these ultra-cyclical sectors both on the commodity and equity side. As ever, we are totally committed to you and focussed on enabling your success.
May 1, 2020
April 22, 2020
April 1, 2020
February 11, 2020
IRF lunch at the Lansdowne Club London.
2020 high conviction themes across energy, metals, mining and renewables equities.
Topics included: Oil Integrated and ESG flows, IMO regulation and effects on downstream margins, energy capex forecasts outside of the US with a deep dive on LNG, US onshore capex outlook, new trends in 2020 for China construction markets and their impact on mining commodities.
Macro discussion focused on the non-consensual forecast of US oil production growth expected by the team as well as our view on US real rates and related gold miners investment recommendations.
Companies covered included Anglo American, Galp, Voestalpine, Thyssen, Aramco, Repsol, BP, Euronav, Gamesa, Kosmos, Apache, Golar, Canadian Natural Resources, RPC, Newmont.
February 6/7, 2020
Total Capital Market Day in Aberdeen
November 7, 2019
November 7, 2019
November 5, 2019
November 4, 2019
November 1, 2019
November 1, 2019
Welcoming Anish Kapadia as Director and Head of Energy
At Palissy we share a vision that commodity and equity research should be different from the classic research bank model. More simply put, we believe that all research should be actionable.
Today, we’re excited to share how we’re accelerating and further realising that vision with Anish Kapadia joining as Director and Head of Energy at Palissy Advisors. Anish, like us, believes that the classic bank research model should evolve towards enabling clients to implement investment ideas.
Anish brings his deep knowledge of the oil and gas sector. He balances financial, strategic and investment considerations and the insight of extensive c-suite interaction with the leading oil companies. He is an experienced global energy expert, having spent 8 years in equity research at UBS Investment Bank as an Executive Director where he helped the team to number one in the Extel Survey and 7 years at Tudor Pickering Holt, as Head of the London Research team covering the global upstream and integrated oil and gas companies totalling >$1 trillion in size. More recently he started his own firm, providing strategy and financial consulting advice to oil and gas companies.
Personally, partnering with Anish carries even more significance. He has produced high impact, differentiated research, having created unique databases on exploration, upstream projects, LNG and decline rates as well as building models on oil and gas fields in around 50 different countries. He has a detailed bottom up understanding of the companies and in depth understanding of all parts of the oil and gas value chain including upstream, downstream, services and LNG. He is a well-known and respected analyst by senior management at the leading integrated oil companies and I see his arrival as a great validation of our Oil & Gas and Mining differentiated, independent research business model. This is an important milestone for Palissy Advisors.
On behalf of everyone at Palissy, I need to express our deepest appreciation to our clients, who have entrusted us to help them optimise their investments in these ultra-cyclical sectors both on the commodity and equity side. As ever, we are totally committed to you and obsessed with enabling your success.
June 6, 2019
Independent Research Forum Presentation at the Lansdowne Club
Oil Supply and Demand Bullish Fondamentals. Why we advised to Sell/Short Energy Equities on the 26th of April 2019. Energy Themes and suggested Structural investments in Energy Equities