An Energy Analyst with over 25 years of sector experience, initially in Petroleum Engineering with Exxon, latterly as a stock analyst and corporate financier with Ernst & Young and now as a leader of his own business, Hulf Hamilton.
Richard was born in Farnborough in 1966, he is a Chartered Engineer (C.Eng) and is a member of the Society of Petroleum Engineers and holds an MSc in Petroleum Engineering from Imperial College. He is married with three daughters.
Hulf Hamilton is renowned for providing the most original and insightful upstream company research available in the London markets today, as testified by an impressive client list. It provides rigorous research to Fund Managers and Financial Institutions investing and working with the upstream oil sector; including commercial, technical and financial due diligence on companies and assets. Prior to setting up Hulf Hamilton in 2004 he worked at:
Co manager of the Artemis Global Energy Fund. Founded the fund in April 2011 and raised £65million with partner John Dodd. Top quartile performer amongst UK based energy funds. Pioneered the use of ‘basin investing’, based on rigorous analysis of global petroleum basins and licenses to select best in class energy companies.
Founded fund advisory business specialising in oil and gas research. Provided rigorous technical research to Fund Managers and Financial Institutions investing and working with the upstream oil sector; including commercial, technical and financial due diligence on companies and assets. Client base included Artemis, Fidelity, F&C, RAB, Tudor, Morgan Stanley, NAB and Canaccord Genuity.
Built M&A practice in the UK targeting the Upstream oil and gas sector with a specific focus on North Sea deals. Extended periods spent in the USA pitching acquisition ideas to US potential buyers and working with UK based oil majors at a strategic level on divestiture planning and acquisitions.
Particular focus on strategic valuation on cross border M&A in Europe and Asia. Developed probabilistic valuation techniques applied to Global energy M&A. Selected deal history included:
Sell side analyst covering stock from Shell and BP to the UK independents including Cairn Energy and Premier Oil. Regularly produced research to a network of fund managers and management in the oil industry. Specialised in strategic and financial evaluation of Russian based UK Oil Companies including JKX, Dana Petroleum, Soco Energy and Ramco. Built cash flow models based on oil field modelling.
Reservoir Engineer responsible for various North Sea business Units on fields including Leman, Indefatigable, Sean, Tern, Dunlin, Osprey and Hudson. Later specialised in planning and economics.
Sponsored project during MSc at Imperial College. Developed horizontal well analytical models for the North Sea Beryl Field resulting in a more accurate means of accessing well productivity.
Set up new office in Kuwait after the Iraqi invasion and worked on process control systems with the Kuwait Oil Company. Supervised engineering team on the rebuild on Mina Abdullah refinery and spent two years living in the Middle East. In the UK Richard worked primarily on refining and process control projects.
Sponsored at university on a four-year thin sandwich degree, worked during the summer on UK power stations such as Drax and Grain and on thermonuclear design projects.