Baird Expands Energy Research Platform

Initiates on Oilfield Services and Equipment, Expands Exploration & Production Coverage

MILWAUKEE, October 16, 2013

Baird, an employee-owned, international financial services firm, today announced the addition of Senior Analyst Daniel Katzenberg, who expands the firm’s Exploration & Production (E&P) equity research coverage. The firm also announced that Senior Analyst Dan Leben has initiated research coverage on the Oilfield Services and Equipment sector.

Katzenberg, based in New York City, launched coverage on the following E&P companies (Industry Report): Approach Resources Inc. (AREX); Cabot Oil & Gas Corporation (COG); Carrizo Oil & Gas Inc. (CRZO); Cimarex Energy Co. (XEC); Comstock Resources, Inc. (CRK); Forest Oil Corporation (FST); Halcon Resources Corporation (HK); Pioneer Natural Resources Co. (PXD); Rex Energy (REXX); SM Energy Co. (SM); Swift Energy Company (SFY); and Triangle Petroleum Corporation (TPLM).

Leben, based in Milwaukee, initiated coverage on the following Oilfield Services and Equipment companies (Industry Report): Cameron International Corporation (CAM), Dril-Quip, Inc. (DRQ), Forum Energy Technologies, Inc. (FET), FMC Technologies, Inc. (FTI), National Oilwell Varco, Inc. (NOV), and Oceaneering International, Inc. (OII).

“These developments represent significant expansion of Baird’s Energy expertise and strategically complement our existing Energy platform across the firm,” said Jon Langenfeld, Head of Global Equities, Director of Equity Research. “This expanded coverage extends Baird's strong commitment to the Energy sector, as well as our Equity Capital Markets franchise.”

Baird’s Energy sector coverage now features 18 research professionals covering 115 energy-related companies. Katzenberg and Leben join Baird’s current energy research team, which includes Ethan Bellamy covering Master Limited Partnerships (MLPs), Hsulin Peng covering E&P, David Parker covering Utilities, Ben Kallo covering Energy Technology and Andrew Wittmann covering Engineering and Construction.  Baird’s broader research coverage of over 700 companies illustrates the firm’s ongoing investment in its Equity Capital Markets platform that comprises Capital Markets, Sales, Trading and Investment Banking capabilities.

Biography – Daniel Katzenberg
Dan Katzenberg is one of Baird’s Senior Analysts covering Exploration & Production. Katzenberg has followed the Energy sector for eight years, most recently at Oppenheimer & Co. where he followed the Integrated Oil & Gas, Refiners, MLPs and E&P groups. Katzenberg studied international relations at Bond University in Queensland, Australia, received a B.A. in Political Science from The University of Rhode Island and earned an M.B.A. in Financial Management from Pace University in New York.

Biography – Dan Leben, CFA
Dan Leben is Baird’s Senior Analyst covering Oilfield Services and Equipment.  He has been a Senior Analyst since 2008.  Prior to joining Baird in 2000, he was an assistant research analyst at J.C. Bradford & Co. covering business-to-business commerce. Dan has a B.A. in Economics and an M.B.A. with concentrations in Finance and Accounting, both from Vanderbilt University. 

About Baird’s Equity Research Team
Baird’s Equity Research Department consists of over 120 research professionals covering approximately 700 companies. Baird analysts have been recognized repeatedly in The Wall Street Journal’s annual “Best on the Street” survey and in StarMine’s annual top analyst rankings. In 2013, Baird was awarded a No. 1 ranking by Greenwich Associates for U.S. Small- and Mid-Cap Equities for Most Trusted Research for the tenth consecutive year. The May 2013 Greenwich Associates U.S. Equity Investors-Small/Mid-Cap Funds survey was conducted with 88 U.S. small-cap and mid-cap fund managers.

About Baird
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 2,800 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $100 billion in client assets. Committed to being a great place to work, Baird ranked No. 14 on FORTUNE’s 100 Best Companies to Work For in 2013 – its tenth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s Web site at

For additional information contact:
Angela Pittman-Taylor
Baird Public Relations
(414) 298-1902