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June 12, 2012
Stephens Research Expands Energy Practice
Stephens Inc. today announced the expansion of its Research Division's energy practice, promoting Ben Wyatt to senior research analyst covering master limited partnerships (MLPs).
Previously a member of Stephens' exploration & product (E&P) research team in Fort Worth, Mr. Wyatt's energy research will now extend to MLPs. Currently there are over 100 publicly-traded MLPs, most of which are in the energy market, exhibiting very attractive growth dynamics. There is an ongoing need for pipelines and infrastructure given the shale, oil sands, and other energy success stories in North America. However, as MLPs are not limited to the energy market, Mr. Wyatt will also explore other companies so structured.
"Today, Stephens has a strongly growing energy research practice, with five senior analysts and four associates covering more than 50 companies. As such, our analysts are able to identify the latest trends in the fast-evolving energy industry; MLPs fall into this category," commented Nik Fisken, EVP and Director of Research at Stephens.
Bolstering the energy research commitment is a natural progression for Stephens, as the principal side of our business has been involved in the traditional energy industry since the 1950s. Since 2009, the firm has completed 35 energy M&A and capital raising transactions with a total value of $6.4 billion.
Mr. Wyatt's professional background started after high school, when he was signed by the Atlanta Braves organization as a pitcher. After a 5-year career in professional baseball, Mr. Wyatt went on to graduate from the University of Arkansas and obtain his MBA from Texas Christian University. Prior to joining Stephens, Mr. Wyatt worked as a vice president in the wealth management division of Citi Smith Barney and from 2002-2005, he worked with Regions Bank's private banking group.