Research from Water Tower Research, Water Tower Research

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 supplies have experienced massive disruptions in 2026. </li><li>A major news agency published a report last week stating that nearly half the world’s oil is supplied by countries affected by conflicts this year, including the ongoing Iran war and the expansion into other Middle East countries (which has resulted in the largest oil supply crisis on record), the Russia-Ukraine war, conflicts in Libya, and US restrictions on Venezuelan oil exports at ?the start of the year. </li><li>Reuters calculated that countries affected by those conflicts together produced ~45 million barrels of oil per day based on 2025 output, representing more than 43% of the global oil supply (Figure 1).</li></ul>

Global oil supplies have experienced massive disruptions in 2026. A major news agency published a report last week stating that nearly half the world’s oil is supplied by countries affected by conflicts this year, including the ongoing Iran war and the expansion into other Middle East countries (which has resulted in the largest oil supply crisis on record), the Russia-Ukraine war, conflicts in Libya, and US restrictions on Venezuelan oil exports at ?the start of the year. Reuters calculated that countries affected by those conflicts together produced ~45 million barrels of oil per day based on 2025 output, representing more than 43% of the global oil supply (Figure 1).

Global Energy Security Remains Stressed as Renewed Fighting Pushes Prices Higher