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Natural gas flares are seen at an oil pump site outside of Williston, North Dakota March 11, 2013.Shannon Stapleton/Reuters

A prominent Calgary energy analyst is taking a breather from the business, the second to announce such a move in less than a week.

Steven Paget, energy infrastructure analyst at FirstEnergy Capital Corp., is retiring from that position after 10 years. He has been with FirstEnergy for 18 years in total.

Mr. Paget, 44, is not jumping into another job right away, although he may spend some time teaching finance to MBA students, he said.

He said he is leaving on a high note, after the dealer enjoyed a strong first half on the transaction front, including landing a spot in the underwriting syndicate for TransCanada Corp.'s record-breaking $4.4-billion share issue in March. "I don't know what will be next. It's a great opportunity to leave on my own accord and be able to stay and help with any transition," Mr. Paget said.

Last week, another veteran of Calgary equity research, Chris Feltin, said he is leaving his job at Macquarie Capital Markets Canada Ltd. after 12 years at the Australian-owned bank and its local predecessor.

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