Sector Expert: Evan Calio
Evan Calio is an executive director in equity research at Morgan Stanley and is the lead analyst for the integrated oil, large-cap E&P and refining industries. Prior to joining Morgan Stanley in November 2008, he was energy specialist at JP Morgan Securities, managing energy risk and proprietary positions. Before that, Evan was an investment banker at Morgan Stanley in the Global Energy & Power Group and the Execution Group, primarily covering refiners, integrated oils, and national oil companies. From 1995-99, Evan was an attorney and a special counsel for the U.S. Securities and Exchange Commission's Division of Corporation Finance. Evan has an LLM (cum laude) from Georgetown Law Center, a JD from the Widener University School of Law, and a BS in Finance from Lehigh University.
For Morgan Stanley Analyst Evan Calio, a challenge is really an opportunity, at least when it comes to finding discounted equities in the oil and gas space. In this exclusive interview with The Energy Report, he explains why the distribution bottleneck that is causing a historically wide price differential between WTI and Brent is actually an opportunity for refiners and Americans everywhere.