Ticonderoga Securities Launches Coverage of Energy Sector

NEW YORK, Aug. 17 /PRNewswire/ -- Ticonderoga Securities, an institutional broker dealer, announced today the formal launch of coverage on nine oil and gas companies in the energy sector under Directors Daniel Pratt, Anthony Montano III and John Malone.  

Pratt is launching coverage of Devon Energy (DVN), Chesapeake Energy (CHK), Southwestern Energy (SWN) and Newfield Exploration (NFX). Montano will cover Anadarko Petroleum (APC), Apache Corp. (APA) and EOG Resources (EOG), and Malone will cover Talisman Energy (TLM CN) and Tullow Oil (TLW LN).

"As we continue to build out the equity research platform at Ticonderoga, these initiations within the energy sector are a strategic step towards delivering the most comprehensive product possible to clients," said Ticonderoga CEO and Co-Founder Shawn McLoughlin.

The analysts stated: "More so than ever before, the larger independents are at the forefront of exploration, opening up new plays ranging from international frontier basins to unconventional North American shales. Our research is based on relative valuation, identifying those companies that will outperform in the face of geological, political and commodity price risk."

The initiations on oil and gas companies are the first for the firm's Energy Group, and further supplement sectors currently covered by Ticonderoga's fundamental analysts. They include: technology, which encompasses the technology supply chain, networking, IT hardware and China technology, semiconductors; financial services, which includes asset management, brokerage firms, exchanges, market structure and e-finance; and homebuilding and building products, as well as a daily overview of market trends and economic outlook. Ticonderoga Securities analysts use traditional pattern recognition techniques coupled with basic indicators, including MACD, Stochastic, RSI and Bollinger Bands.

About Ticonderoga Securities

In May 2009, Ticonderoga Securities LLC acquired Reynders, Gray & Co. Inc. a respected firm with more than 30 years' experience and an enviable track record. Ticonderoga Securities operates a dual capability with a New York Stock Exchange floor based team providing direct access as well as the desk based models. The firm is led by Joel Plasco, Chairman, and Shawn McLoughlin, CEO, and concentrates on domestic and international equities and focuses on high quality, conflict free order execution, as well as a differentiated research offering to support its first class execution capabilities. For more information, please visit www.ticonsec.com.

Ticonderoga Securities LLC (CRD# 7671) is registered as a broker-dealer with the US Securities and Exchange Commission and is a member of the following: FINRA and NYSE.

SOURCE Ticonderoga Securities