Another energy analyst has decided to make a career move to the corporate side. Paul Nielsen, who was an oil and gas analyst at Beacon Securities Inc., has joined Murphy Oil Corp., where he will have a corporate planning role in the company's Houston office.
Following a tough year in the capital markets, the exodus to industry has been a big factor. In the past several months, the deal flow slowed, bonuses shrank and energy companies offered a combination of high base pay and more regular hours compared with brokerages.
Mr. Nielsen joins several former analysts who have exited the business in recent months, including Andrew Potter, who moved from CIBC World Markets to Cenovus Energy Inc., Matt Donohue, who joined Rife Resources Ltd. after being laid off by UBS Securities, and another ex-UBS analyst, Chad Friess, who joined Gibson Energy Inc.