Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Cenovus Energy reported record financial and operational results for the second quarter of 2026, driven by strong upstream production, a supportive market environment, and efficient project execution.</li><li>The company’s upstream production averaged over 970,000 barrels of oil equivalent (BOE) per day during the quarter, surpassing previous records, with oil sands production exceeding 786,000 barrels per day.</li><li>Production momentum continued into July, with monthly output expected to surpass one million BOE per day for the first time, primarily boosted by exceptional performance at the Christina Lake asset, including contributions from the Narrows Lake expansion, which has exceeded expectations with production surpassing 80,000 barrels per day significantly ahead of schedule.</li></ul>

Cenovus Energy reported record financial and operational results for the second quarter of 2026, driven by strong upstream production, a supportive market environment, and efficient project execution.The company’s upstream production averaged over 970,000 barrels of oil equivalent (BOE) per day during the quarter, surpassing previous records, with oil sands production exceeding 786,000 barrels per day.Production momentum continued into July, with monthly output expected to surpass one million BOE per day for the first time, primarily boosted by exceptional performance at the Christina Lake asset, including contributions from the Narrows Lake expansion, which has exceeded expectations with production surpassing 80,000 barrels per day significantly ahead of schedule.

Cenovus Energy Nears 1 Million BOE Per Day — A Pivotal Production Milestone!