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Independent Research & Consulting
LNG & Energy Infrastructure
Utilities, Midstream & IOCs
Renewable Energy
Marine
Corporate & Buyside Consulting
Who We Are
Webber Research & Advisory provides independent research and consulting services for institutional investors, corporates, project developers, private equity, and family offices. We focus on providing market leading coverage and analysis across the LNG & Energy Infrastructure, Renewable Energy, Utility, Midstream, IOCs, and Marine industries.
We are committed to adding value through a mosaic of context, insight, thought leadership, hard work, and diligence – creating unparalleled research and tailored, bespoke solutions for our research and consulting clients.
Our team
Michael Webber, CFA
Managing partner
Michael Webber, CFA
Managing Partner – Export Infrastructure
Mike co-founded Webber Research & Advisory in 2019, and has spent the past 13 years in equity research covering Export Infrastructure, Shipping, & Transportation at Wells Fargo & Deutsche Bank. Mike has been named to Institutional Investor’s (I.I.) All-America Research Team in each of the past 5 years, finishing as the #1 ranked Shipping & LNG analyst in 2019, 2018, 2017, 2016, & 2015, and part of the #1 ranked Natural Gas team in 2019. He was named the sector’s best stock picker by the FT 2013, #2 in 2012, named in Business Insiders: Rising Stars Of Equity Research Under 35 in 2017, and is a NAMEPA award winner for his work in ESG. Mike graduated from the University of Virginia in 2004.
Greg Wasikowski, CFA
Associate Partner
Greg Wasikowski, CFA
Associate Partner & Co-Founder
Greg was a senior member of the #1 I.I. ranked Wells Fargo LNG, Shipping, & Equipment Leasing team from 2017-2019, prior to which he worked in Consulting for RSM US LLP. Greg attended Bucknell University where he majored in Accounting and Financial Management and was a member of the baseball team. Greg holds the CFA designation.
Chris Tsung, CFA
Associate Analyst
Chris Tsung, CFA
Associate Export – Infrastructure
Chris joined Webber Research & Advisory in 2019. Prior to joining Webber R|A, Chris was an AVP at DWS in Strategic Planning & Analysis for their Alternatives platform. Prior to that, Chris spent 6-years at Deutsche Bank in their private equity group as a key member of the investment management team overseeing $4.9B in AUM. Chris began his career with Citigroup in private equity fund administration. Chris is a graduate from the Zicklin School of Business at Baruch College and holds the CFA designation.
Tim Biggins
Operating Partner
Tim Biggins
Operational Partner
Tim Biggins has over twenty years of leadership experience in technology consulting, healthcare equity research and institutional equity sales. In that time, he has led multinational technology projects, co-authored numerous company and industry equity research reports, and driven sales efforts at top equity accounts for several multinational banks.
Eric Smith
Managing Partner, EPC Risks
Robert Meaney
Managing Director, EPC Risks
What we do
Equity Research: Leading Coverage Of The LNG, Marine, Renewable Energy Sectors
Industry Research: Thematic, Detailed Analysis of Sector Trends & Market Dynamics
W|EPC: Detailed Energy & Utility Project Coverage
Consulting: Financial, Commercial & Technical Analysis, Bespoke Engagements
Consulting: Market Research, Board Presentations
Consulting: Independent Valuations, Fairness Opinions
Recent Highlights
Webber Research: Renewable Biofuels – Refinery Conversions, Crack Spreads, & Risks Q420
Renewable Biofuels - Refinery Conversions, Crack Spreads, & Risks Q420 Key Takeaways (page 2) Biofuels - Costs, Risks, & Incentives (page 3) Renewable Fuels vs. Traditional Refining Economics (page 4) Crack Spread Analysis – Ratios Matter (page 5) The...
Webber Research: Hydrogen Tracker
Webber Research: Hydrogen Tracker 09/09/2020 Recent News (page 1) M&A Tracker (page 3) Valuation Summaries (page 3) Hydrogen Production Costs (page 4) Industry/Background (page 6) LH2 Carrier Progress (page 7) • GM Forms Strategic Alliance With Nikola: On 9/8, GM...
W|EPC: Renewable Methanol & Hydrogen – Analyzing Methanex’s (MEOH) Geismar Facilities
Renewable Methanol & Hydrogen - Analyzing Methanex’s (MEOH) Geismar Facilities - September 2020 Methanex & Renewable Methanol - Key Takeaways (page 2) Renewable Methanol (page 3) Methanol Feedstock & Applications (page 4) Hydrogen is Getting Cheaper (page...
W|EPC: Golden Pass LNG (XOM, QP) – Project Update & On-Site Satellite Image Analysis – Q320
Golden Pass LNG: Our Delay & Contingency Fund Estimates Continue to Ramp Key Takeaways:• Chiyoda’s Engineering Delays Continue. We believe engineering delays have eroded a significant portion of the EPC risk, contingency, and profit, with the likelihood of ramping...
W|EPC: Assessing Force Majeure Impact on Calcasieu (Venture Global), Golden Pass (Exxon, QP) & Sabine (Cheniere)
Webber Research - Energy EPC Marco & Laura Impact Could Last 7 to 14 Days…Depending on Damage & Craft Labor RetentionEPC contractors receive schedule relief for Force Majeure (FM) events (i.e. named storms such as Marco & Laura) in industry standard EPC...
W|EPC: Gorgon LNG – Operational Breakdown Could Have Contributed To Kettle Cracks – Mid-October A More Likely Restart Timeline
W|EPC: Gorgon LNG - Operational Breakdown Could Have Contributed To Kettle CracksMid-October May Be A More Likely Restart Timeline Key Takeaways:Pump The Brakes: While potential fabrication errors have been the primary narrative around the Propane Kettle cracks that...
W|EPC: Venture Global LNG – August 2020 Update
W|EPC: Venture Global & Calcasieu Pass LNG - Satellite Image Review (ICA & Fluor) & More Engineering Changes. Key Points: Calcasieu Pass Revises Key Engineering Documents (Again). Over the past two weeks Calcasieu Pass (CPLNG) submitted engineering updates...
W|EPC: LNG Canada Q320 Monitor – Labor Dynamics & Baseline Satellite Image Review
LNG Canada Q320 Monitor - Labor Dynamics & Baseline Satellite Image Review Shell • Petrochina • Mitsubishi • Kogas • Petronas 1) Union Craft Avg. Wage Rate Escalators & Impact On JGC/Fluor, and broader project cost... What’s Happened/Changed: Part of our...
W|EPC: Gorgon LNG’s Propane Kettle Cracks – Early Read
Overview:On July 23, 2020, Reuters reported Australia’s Department of Mines, Industry Regulation & Safety (DMIRS) said “it plans to inspect Chevron’s Gorgon LNG plant as soon as possible following calls by a trade union to shut the plant.”1. During routine...
Webber Research: Hydrogen Tracker Highlights:
Recent Highlights (page 1) LH2 Carrier Progress (page 3) M&A Tracker (page 4) Valuation Summaries ...
W|EPC: Venture Global & The Approach Nexus – Drone & Satellite Image Analysis, Engineering Changes Q320
W|EPC: Venture Global - Nexus Approaching Drone &Satellite Image Analysis, Engineering Changes Q320 For access information, visit our New Online Store, or email us at [email protected] • Calcasieu Pass Update - Key Takeaways (slide 2)• Calcasieu Pass LNG...
Webber Research: Hydrogen Tracker
For access information, email us at [email protected] Highlights: • Recent News (page 1) • LH2 Carrier Progress (page 3) • M&A Tracker (page 4) • Valuation Summaries (page 5) • Hydrogen Production Costs (page 7) • Industry Dynamics (page 9) PLUG Launches...
Webber Research Hydrogen Tracker
Introducing the Webber Research Hydrogen Tracker Yesterday we launched our Hydrogen Tracker – a weekly research product dedicated to the build out of Hydrogen production, technologies, and associated markets. For information about access to our Hydrogen Research,...
W|EPC: Dominion Energy (D) – Offshore Wind Project Monitor Q320
W|EPC: Dominion Energy (D) - Q320 Offshore Wind Project Monitor Dominion Energy (D) Q320 Capital Project Monitor: Key Takeaways (slide 2) Virginia Clean Energy Act – Why Should You Care? (slide 3) Energy Costs vs. Benefits (slide 4) Coastal Virginia Offshore Wind...
Webber Research: Renewables Weekly
Renewable Energy Highlights: For access information email us at [email protected] Wild Week For ENPH (page 1) PLUG Acquires United Hydrogen & Giner ELX (page 2) BLDP Follow-On Order From Wrightbus (page 2) JinkoSolar To Supply Bifacial Modules In Chile (page...
Webber Research ESG Scorecard: 2020
*We've included a link to our full length 2020 ESG Scorecard Report in the text below, as we do not believe the data and information within this report should be behind a paywall. Report Link: Webber Research ESG Scorecard: 2020 2020 ESG Scorecard – Updated Model,...
LNG Canada Update: Trouble Ahead For Shell’s LNG Flagship?
An Empty Module Yard & Mounting Schedule Delays • Key Takeaways (pages 1, 5) • Estimated LNG Canada Schedule Shifts (page 2-3) • Satellite Image Review: COOEC Fluor Module Yard Layout (May 17, 2020) (page 4) • Satellite Image Review: Module Layout Descriptions...
W|EPC Risks: Venture Global – Keeping An Eye On Pile Design Changes
W|EPC Risks: Venture Global - Calcasieu Pass LNG - Keeping An Eye On Pile Design Changes Key Takeaways: • An engineering design change at Calcasieu Pass (CPLNG) required additional piling and out of sequence construction activities. • Meaningful engineering changes...
EPC Risks: Energy Transfer (ET) Capital Project Monitor – Q220
W|EPC: Energy Transfer (ET) Capital Project Monitor - Q220 Energy Transfer (ET) Q220 Capital Project Monitor: Key Takeaways (slide 2) Energy Transfer Capital Budget Overview (slide 3) Energy Transfer: NGL Fractionation History (slide 5) Tale of the Tape: ETvs. EPD...
Southern Company (SO): Vogtle Nuclear Project Q220 Quarterly Monitor
Southern Company (SO) Q2 Vogtle Nuclear Project Monitor - Key Highlights: • Vogtle Expansion: 6-Years Late…And ~$13-$16 Billion Over Budget? (Slides 2-5) • How Much Will SO Be On The Hook For? (Slides 3-6) • Something’s Gotta Give: Key Commissioning Milestones Appear...
Webber R|A Renewables Weekly
Webber Research: Renewable Energy Highlights: Orsted JV To Develop Clean Hydrogen In Copenhagen (page 1) US Extends Safe Harbor Deadlines (page 1) Next Generation EU (page 2) Saudi's Alfanar Rumored To Be Senvion India Buyer (page 2) ENPH Collaboration With University...
Contact us
For access and pricing information, please email us at [email protected]
- Webber Research & Advisory
150 E52nd St, Suite 14001
New York, NY, 10022 - (646) 993-0693
- [email protected]