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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Thematic (Sector/Industry)

United states Energy / Thematic (Sector/Industry)

<ul><li>Global oil exploration seeing increased activity. Last month in our Energy Roundup, we wrote that the decline in global oil exploration over the past decade could eventually result in an oil supply shortage.</li><li>Much of this has been driven by energy exploration and production companies favoring cash returns to shareholders (dividends and stock buybacks) over reinvesting more capital into exploration activities.</li><li>As Figure 1 illustrates, industry oil &amp; gas exploration spending was down nearly 50% compared with the level from the late 2000s. </li></ul>

Global oil exploration seeing increased activity. Last month in our Energy Roundup, we wrote that the decline in global oil exploration over the past decade could eventually result in an oil supply shortage.Much of this has been driven by energy exploration and production companies favoring cash returns to shareholders (dividends and stock buybacks) over reinvesting more capital into exploration activities.As Figure 1 illustrates, industry oil &amp; gas exploration spending was down nearly 50% compared with the level from the late 2000s. 

Energy Roundup : Oil Exploration Back in Vogue; Middle East Oil Exports Recently at Pre-War Level