Jen Marcello

Merrill Lynch, Pierce, Fenner & Smith, Inc. (MLPFS) is the SEC-registered broker/dealer subsidiary of Merrill Lynch & Co., Inc., ultimately held by Charlotte-based Bank of America Corp. (NYSE: BAC). The firm was founded in 1958 and is headquartered in New York City. In 2010, Banc of America Securities LLC merged with MLPFS and the firm uses the trade name Bank of America Merrill Lynch. MLPFS's global strategy and economics team serves institutional and individual investors using a wide range of macroeconomic disciplines. Their analysis of global issues provides clients with investment ideas, market forecasts, macro overviews and specific sector recommendations across asset classes, regions and disciplines. Their equity research team conducts fundamental analysis on companies globally and provides institutional and retail clients with industry-specific and in-depth research and analysis on numerous industries. The firm's global fixed-income and equity-linked research focuses on fixed-income and equity derivatives, fixed-income strategy, convertibles, commodities, high-yield, mortgages, municipals and global foreign exchange.

Tuohy Brothers Investment Research, Inc. provides equity research, sales and trading services to a variety of institutional investors, and also offers investment banking services to sector companies. They focus on energy industry trends, commodity markets and individual company developments. Within the energy sector, the firm focuses on the U.S. natural gas industry. Within the commodities markets, Tuohy Brothers focuses on analysis of variables affecting natural gas supply and demand with the objective of forecasting prices. They offer opinions on crude oil prices related to global capacity, interaction with the U.S. dollar, asset class impact and other variables. The firm also provides analysis of coal prices as revealed in ongoing contracts and spot transactions. In addition, they analyze developments affecting a broad range of energy companies. They consider active communications related to company-specific events and information on companies found in periodic publications. The company was founded in 2004 and is located in New York City.