Exclusive interview with accomplished energy analyst and advisor to the energy and utility industries David Rewcastle. He is cited regularly regarding the energy, gas utility, & unconventional energy sectors in Bloomberg News, WSJ, AP, Reuters, Forbes, Investor’s Business Daily, CNN, Barron’s, Houston Chronicle, USA Today, and several regional papers. David is a member of the New York City Energy Forum, NYSSA, and the National Association of Petroleum Investment Analysts. He is a FINRA Series 7, 63, 86, & 87 license holder.
David Rewcastle is currently a Senior analyst at E3 Research Associates, a third-party research and analytics company, and an instructor of economics at the University of New Haven. He is a former professor at the New York University School of Professional Studies, where he teaches courses in valuation and finance. His experience includes being a senior research analyst at RHK/Source Capital Group, an analyst at Divine Capital Markets and Capstone Investments, as well as September Group Research Partners. David is a former sovereign risk & rating associate analyst at Fitch Ratings/Thomson Bankwatch and a field analyst with Schlumberger’s Seismic Exploration Group.
David Rewcastle has stated recently that the U.S. energy sector is in a “teachable moment” in history. In this article, we asked David Rewcastle about his area of expertise.
How did your career in energy analysis start?
I went to New York University and graduated with a Master of Arts & Business Administration – Finance and Petroleum Economics. In the late 1980s, I went to work for Schlumberger as an analyst in the Western Geco, Seismic Division in Alberta, Canada. · I was also a member of the Global Positioning Satellite signals project. The pioneering project replaced optical surveying with GPS units; instrumental in ushering in today’s widespread use of GPS technology. At Schlumberger, I was involved in maintaining databases, conceptual and quantitative interpretation of seismic data, as well as planning and analysis to formulate contract bids for oil and gas seismic exploration projects.
In 2003, I was hired as a Market and Securities Associate Analyst in the Energy sector by September Group Partners Research, in New York, NY. I was a Buy-Side Equity Analyst covering the energy industry & market trends. Early on in my role, I successfully identified several actionable short-term and long-term market catalysts while at September Group. This was a great introduction to analyzing market trends and the excitement of the NYSE.
Were you an analyst for any industries outside of energy?
I spent time as a political risk consultant with Venture in NYC. Venture provided accurate and predictive geopolitical risk and economic analysis for traders, hedge funds, and investors. Among the earlier recognized energy industry fundamentals were breaking out of their previous 20-year supply/demand balance and price ranges.
What was your first significant recognition as an analyst?
In 2004 I joined the Argus Research Corporation in New York. As an Equity Research Analyst, I was covering a portfolio of 28 stocks in the energy services, gas utility, and energy-related sectors. I also provided Portfolio Managers at Argus Investors’ Council with Long/Short and long-term investment recommendations for the energy, gas utility, and water utility sectors.
My first recognition came 3 years later in 2007 when Starmine/Forbes’s Stockpicker of the year in the gas utility industry, as well as the #4 analyst for oilfield services. During this time, I started as the Market Risk Analyst for Van Kampen’s Unit Trusts, ETFs, Bankruptcy Watch Lists, and Foreign Securities Watchlists in numerous market sectors and geographical regions for Argus. My area of focus was volatility & fundamentals-based analysis, & my recommendations as stock price volatility rose to levels concerning client brokers/dealers. As a result of my exceptional performance, I was awarded the Wall Street Journal’s stockpicker of the year, and the winner of the 2008 “Best on the Street” Award for Oilfield Services.
Wall Street Journal “Best on the Street”
When did you start working in Connecticut?
In 2011, I started working with RHK/Source Capital Group & Compass Point Partners in Westport, CT. This was my first as an Energy related equities & fixed-income products, senior analyst. I help analyze stocks for the Source Capital Group fund as a sell-side publishing & desk analyst focusing on energy & related equities, fixed income, and M&A opportunities. I was also a Stock picker for Compass Point Partners hedge fund: comprising energy, technology stocks, and bonds for the fund.
My move to Connecticut was a great opportunity to take the next step in a career that I loved.
Tell us about your work with the University of New Haven.
I started teaching a Micro/Macro Economics course Energy in America in 2020. The course covers the energy and utility sector in the U.S. economy and long/short-term changes that can affect additional sectors. This is an excellent opportunity for students to engage in forward-thinking work. We discuss the operation and allocation of scarce resources in markets. We will use analytical tools to examine the behavior of individuals and firms to develop a framework that can determine the efficiency of different market outcomes through the operation of price mechanisms. This course will provide an overview of the history and institutional structure of the EU and expose and evaluate the economic principles, economic foundations, and current policies of European economic integration. The field of macro and micro-economic theory is the foundation for analysis, working principles, tools, and approaches to European integration.
University of New Haven
What is your current area of focus?
Since 2018, I have been a senior analyst with an independent 3rd party research firm focused on equities, energy, and economics. My activities include consulting research and analysis for publicly listed and privately owned companies. In the past few years, I have added the biotechnology sector to my area of analysis.
What do you contribute to your productivity throughout your career?
I contribute to my productivity by focusing on one thing at a time, perfecting that one thing, then moving on to the next task. Only 2% of people can successfully multitask. Unfortunately, I am not in that 2% of the population. When I try to multitask it results in lower productivity, distractions, and procrastination in my important tasks. Focus on the one thing you are currently working on when you work, complete it then move on to the next. You can close all unnecessary windows and social media notifications. This will make the task easier and more efficient.
This strategy I was able to master this later in life. I made time for myself to go back to school and focus on the things that I was passionate about.
What’s next for David Rewcastle?
I am looking forward to publishing my thoughts and analysis on my personal website, podcast, and YouTube channel. I am truly excited to continue my addition of the BioTech sector to my area of expertise and look forward to discovering some truly innovative companies.
I am happy to be in Darien and would like to continue to help the average investor, my students, and my company reach their best potential.
Charlotte is one of the most desirable real estate markets in America. This is due to a long-standing trend of investors and developers focusing on Sun Belt areas like Charlotte for their economic growth potential. According to the Charlotte Observer report, Charlotte is an 18-hour magnet. Its population growth and job market growth make it a popular destination for both businesses and people.
Charlotte, North Carolina is home to the largest population in North Carolina and the fastest growing metro area in the United States. It is because of its diverse economy and high quality of life that the housing market in Charlotte is so popular. Charlotte is home to some of the most popular pro-sports teams in the United States. It also has one the most pleasant year-round climates in America.
This article will discuss why Charlotte is worth investing in over the next year. Let’s first look at the factors that drive the Charlotte real estate market.
Population growth
Charlotte is one of the most rapidly-growing cities in America, with New Yorkers leading the pack in terms of new residents.
Fox 46 reports that the Charlotte metropolitan area is experiencing a steady increase in population each year. According to the most recent census, Charlotte’s population has increased by almost 20% in the last decade, which is more than twice the state’s growth rate.
Nearly 875,000 residents call Charlotte home, and more than 2.6 million live in the metro area. Charlotte and Mecklenburg County rank near top in U.S. population growth. There are many reasons that people and businesses are moving from other parts of the country to Charlotte.
Key Population Statistics:
Charlotte is home to over 2.6 million people and is the 23rd largest metro area in the United States.
According to the U.S. Census Bureau, Charlotte’s population has increased by 0.6% annually and 19.6% in the last ten years. Census Bureau.
Charlotte has seen a net increase in the population of more than 143,000 residents over the past decade.
The growth rate for Charlotte is 50%, while the region of Lancaster and suburban York are expected to grow at the fastest rates.
Seven Fortune 500 companies call the metro area home. It also houses the 2nd largest banking center in the country, after Wall Street. The job market in Charlotte is highly charged with high-tech, white collar and service- and distribution jobs. Concord, a suburban city in the Charlotte metropolitan area, was recently named one the 20 fastest-growing U.S. economies.
Employment Statistics:
The GDP in Charlotte has surpassed $184.8 billion and has grown by almost 65% over 10 years.
The employment rate in Charlotte has increased by 3.77% over the past year, while the median household incomes have increased by 6.98%.
According to the BLS April 2022, the Charlotte metropolitan area has a 3.2% unemployment rate.
The region of Charlotte added 75.491 jobs in the last 12 months. Transportation and warehousing saw the greatest growth, followed by finance, insurance and real estate.
Charlotte is expected to create nearly 137,000 jobs between now and 2028.
Charlotte has seen a rapid growth in technology jobs over the last five years. This makes Charlotte one of the most talented cities.
Charlotte is home seven Fortune 500 companies, including Honeywell, Nucor and Lowe’s as well as Sonic Automotive, Duke Energy, Sonic Automotive and Brighthouse Financial.
Other notable companies that are based in Charlotte include Compass Group USA’s Eastern Headquarters, Food Lion, Compass Group USA and Dixon Hughes Goodman. Albemarle Corporation is another chemical company.
Coca-Cola Bottling Co. has its headquarters here. It also has the second-largest Charlotte bottling plant.
Fluor, Piedmont Natural Gas and Siemens Energy are some of the major technology and energy companies that do business in Charlotte.
The University of North Carolina at Charlotte and Johnson & Wales University are just a few of many major colleges and universities in the Charlotte metropolitan area.
Charlotte’s residents hold 89.8% or more high school degrees, and 36.2% have a bachelor’s degree or advanced degree.
Interstate Highways I-85/77 intersect in the middle of Charlotte. They serve as major transportation and distribution routes to major American cities in the east, southeast and midwestern U.S.
Charlotte Douglas International Airport ( CLT) served nearly 50 million passengers in 2018 and handled close to 180,000 tons of cargo.
Charlotte is a major NASCAR center. The Blumenthal Performing Arts Center attracts top talent from all over the globe. Major professional sports teams such as the NFL Carolina Panthers or the NBA Charlotte Hornets call Charlotte home.
Real estate market
According to Realtor.com, home prices in Charlotte will rise by 5.6% by 2022 and sales volume by 9.9%. WalletHub ranked Charlotte as the best realty market in 2021, while Realtor.com ranked Charlotte the best Southeast housing market in 2021.
Key Market Statistics:
Zillow Home Value Index ( ZHVI), Charlotte, is $396 619 as of May 2022.
Charlotte’s home values have increased by 30% in the past year.
Charlotte’s home values have increased by 94% over the past five years.
Based on the latest report from Realtor.com (April 2022), the median list price for a Charlotte single-family home is $400,000
The median listing price per square footage for a Charlotte home is $223
The median number of days on the market is 35.
The median sold price for a Charlotte single-family home is $401,700.
The ratio of sale-to-list prices is more than 104%. This means that Charlotte homes are selling slightly higher than the asking price.
Myers Park, Charlotte’s most expensive neighborhood, has a median listing price $1.4 million.
Marshbrooke is the most affordable area to buy a house in Charlotte. The median listing price for a Charlotte home is $299,000.
Attractive renters’ market
It is becoming more difficult for younger buyers and those with lower incomes to buy a house. The influx in investors purchasing houses and making them rental properties in Charlotte makes it harder to get a house. In fact, Charlotte has been ranked as one of the most desirable markets for developers and real estate investors over the past several years due to its growing population and boom in high-tech jobs.
Key Market Statistics:
According to the most recent research by Zumper, Charlotte’s median rent is $1,900 per monthly for a 3-bedroom house.
Charlotte’s rents have gone up by 8% over the past year.
The average Charlotte rent has increased by 30% in the past three years.
The market’s 43% occupied housing units are occupied by renters in Charlotte.
Renters in Charlotte have the most affordable areas: Oaklawn, Reid Park, and Tyron Hills, where rents start at $975 per month.
The highest rent neighborhoods in Charlotte include Third Ward, Barclay Downs and Second Ward. Rents range from $3,911 to $5,293 per month.
Historical price changes and housing affordability
Renters can use a variety of metrics to assess the demand for Charlotte rental property, including historical price changes and affordability.
According to Freddie Mac’s monthly Home Price Index (FMHPI) report, home prices in the Charlotte-Concord-Gastonia MSA have grown by nearly 83% over the past five years:
April 2017 HPI: 153.6
April 2022 HPI 281.0
5-year change in home prices: 82.9%
One-year change in home prices: 27.3%
Monthly changes in home prices 2.2%
Kiplinger also publishes data about home price changes and affordability for the top 100 U.S. housing markets. Recent performance data for Charlotte’s real estate market include:
The Charlotte home price index has fallen 12.4% since the peak of last real estate cycle.
Charlotte’s home prices have increased by 77% since the bottom of the last real estate market cycle.
The Charlotte metro area’s housing affordability is rated 4/10, meaning it is among the most affordable areas to buy a home in the U.S.
Quality life
Charlotte is a great place to live, work, and play.
Mecklenburg County, where Charlotte is located, gave nearly a dozen reasons why Charlotte and North Carolina are booming during a recent economic updates presentation.
Stats on the Key Quality of Life:
The cheapest city in which to start a tech startup.
Top tech momentum market.
The metro area with the greatest growth in women-owned businesses
How do you begin your search? Roofstock has created a heatmap of Charlotte using our Neighborhood rating dynamic algorithm. This allows you to make informed investments by measuring school district quality and home values as well as employment rates and income levels.
Current trends in nursing show that the aging workforce is steadily but steadily improving inequality between two groups of nursing professionals: people of color and men. The 2020 National Nursing Workforce Survey revealed that the average age of registered nurses surveyed was 52 years, an increase from 51 in 2017. The largest age group in the profession is the 65-year-old and older nurses. They made up 19% of the RN workforce for 2020. This was an increase of 14.6% and 4.4% respectively in 2017. Also, the survey revealed that 9.4% of registered nurses are men, up from 9.1%, 8%, and 6.6% respectively in 2017.
The following information was revealed in the report (2017 statistics in parentheses).
80.6% White/Caucasian (down 80.8%).
7.2% Asian (down 7.5%)
6.7% Black/African American (up 6.2%)
2.3% Other (down compared to 2.9%)
2.1% Select more than one race (up from 1.7%)
0.5% American Indians or Alaska Natives (up from.4%).
0.4% Native Hawaiians or Pacific Islanders (down from.5%).
0.2% Middle East/North African (0.2% was the first survey to include this category in 2020).
Additionally, 5.6% of RN respondents self-identified as Hispanic/Latino/Latina, up from 5.3% in 2017.
Although men make up 9.4% of registered nurses in the United States, the survey revealed that 13.6% of all nurses of color are male, with 34.3% of those who identify themselves as Native Hawaiians or Pacific Islanders.
Studies show that there is more diversity in advanced practice registered nurses, such as family nurse practitioners and family nurse practitioners. This is especially true for male nurse practitioners and Black nurse practitioners. The BLS reported in 2013 that 8.2% of registered nurses were male, and 5.8% were Black. These percentages had risen to 12.6% male and 7.7% black by 2021.
· Writing your name is optional, and the answers you give in this survey will be treated as highly confidential whether you choose to write your name or not. We, however, request that you indicate the department where you work to enable us to get a more accurate understanding of the survey results.
· This survey is only meant to help the company help you improve your productivity and facilitate measures for further career development.
· Kindly answer all the questions in the survey as comprehensively as possible.
ii. In not more than 70 words, please write down your understanding of our company’s objectives in your own words.
iii. On a scale of 1 to 5, how well do you understand what role your work plays in fulfilling the overall company objectives?
iv. Do you think this company offers its staff an opportunity for career development within its ranks?
v. How often do you find the tasks assigned to you helpful to your career growth?
vi. All factors held constant, do you see yourself still working in the company for the next three years?
vii. On a scale of 1-5, how stressful is your job on a typical day?
viii. Do you consider the work of your typical daily tasks meaningful?
ix. Would you go for an all-weekend party with your team members? If you would, how much do you think you would enjoy it on a scale of 1-5? If you can’t, how intensely do you detest the idea on a scale of 1-5?
x. How seriously do your teammates take your suggestions about work?
xi. On a scale of 1-5, how supportive are your closest colleagues?
xii. How well equipped are you to do your work effectively? Do you know where to find the resources you need to get the job done?
xiii. On a scale of 1-5, how flawless is the flow of information in the company?
xiv. Do you feel you have a clear understanding of which person to approach if you encounter peculiar difficulties at work?
xv. Do you think your seniors value your work? Is your commitment to work rewarded?
xvi. Does the company help you enhance your skills through new experiences or training?
xvii. On a scale of 1-5, how motivated are you to go beyond the scope of your work to fulfill a task?
xviii. Do your supervisors and the management involve you when making leadership decisions?
xix. How strongly do you feel your job positively impacts humanity at large? On a scale of 1-5.
xx. Are you well equipped to handle customer complaints? About what percentage of customer issues can you handle comfortably?
xxi. In your opinion, how much does the company respect your time on a scale of 1-5?
xxii. Do you think the company respects your responsibilities to your family?
xxiii. Do you get feedback from your supervisor on your performance? If you do, how honest and respectful do you think they are with their feedback?
xxiv. Do you think company policies are applied fairly?
The data we get from a survey is unhelpful unless you analyze it, and the findings may be inaccurate if you don’t analyze them correctly. Analyzing can make the findings hard to read even when the analysis is correct. The people supposed to make decisions based on the analyzed data should be able to see and understand the findings at a glance; someone should have done all the hard work at the analysis stage.
How best to analyze survey data.
i.Consider the four measurement levels.
There are four measurement levels for survey questions. They determine how particular types of survey questions should be measured and the statistical methods used. The levels are as follows with brief explanations.
– Nominal Scale
This is the level at which data without quantitative value is analyzed. Questions like, do you like your job? You can only have one of two answers, ‘Yes’ or ‘No.’ The only analysis you can do with such data is to count the number of times a response appears and then record the one that appears the most. You can present the outcome in percentages or even graphically, but it is all counting.
– Ordinal Scale
This scale works when the survey data is presented quantitative value where one value is greater than the other. Questions that start with ‘On a scale of 1-5…’ fall under this scale. For such questions, you can find the median, mean, mode, etc.
– Interval Scale
An Interval Scale can show both differences between values and the order in which they occur. However, this kind of data has no zero point, and you can find mode, median, and mean and still analyze any notable trends using available tools.
– Ratio Scale
This pertains to questions like, ‘how much extra time do you spend on average every month?’ There is an order difference between values, and it has zero as part of the possible answers. You can also find the mode, median, and mean for this kind of data.
Other measures to take.
i.Start by analyzing quantitative data.
Quantitative comes from close-ended questions that can be presented as numeric values. One can convert this kind of data into numeric values, and it gives good, crisp insights into the survey findings. Analyzing quantitative data first can enable you to understand your qualitative data more. Qualitative data gives the survey questions, but it is usually subjective. Having the quantitative findings beforehand enables you to make the right deductions.
ii.Cross-tabulate to understand your audience
This is not necessary if your survey is on a closed audience, for example, employees of a single company. However, when you have a customer survey where every walk-in participates, cross-tabulation may help because not everyone who comes is your typical customer. The views of your typical customers should inform your decisions more even as you consider other participants’ views.
iii.Categorize the data in participants’ demographics
The age of respondents always gives good insights into how you should act because people of different ages have different outlooks. Always have people’s ages in mind as you do the analysis.
