Doing business as McDep LLC, Mr. Wulff is an independent originator of energy investment research. He is compensated by investors for written analyses and personal interaction by email, telephone and visits.   In a five-year program administered by Independent Consultants, McDep LLC was selected as an Independent Research Provider to six Investment Banks on 26 oil and gas stocks. 

Kurt Wulff contributes his work for public access on www.mcdep.com, a frequently visited investment website.  The virtual energy investment library includes all of the analyst's distributed work since 2000.  New material sent to clients in real-time is posted on the website after a delay of a few weeks to a month.

Buy recommendations have captured some of the favorable performance of energy stocks in the new century, though past performance is no assurance of future results.  The McDep Buy List at the end of 2002 gained 40% a year to the end of 2007 for what may be the best five-year period in twenty years.  The declining market of 2008 took a toll by reducing performance to 29% a year for the five years ended September 5, 2008 when Mr. Wulff suspended all buy recommendations.

Kurt Wulff made his reputation as an oil analyst while at Donaldson, Lufkin & Jenrette where his recommendations from 1973 to 1986 gained a median 28% a year.  During the takeover battles of the 1980s, he identified megadeals in advance for investors.  He advised Gordon Getty, Carl Icahn and Boone Pickens.  He testified before Congress on energy and takeover issues.  As a DLJ analyst, Kurt Wulff was named to the All-America Research Team 25 times in oil, exploration and natural gas.

In 1988 he formed the predecessor of McDep LLC.   The analyst was a pioneer in earning payment for his work through broker-dealers who provide third party independent research in exchange for “soft dollars”.

Occasionally an activist, he sponsored shareholder resolutions that among other achievements are credited with bringing confidential voting to the proxy process at major oil companies.  Testifying in Delaware Court on behalf of retirement investors, Kurt Wulff helped beneficiaries of an employee pension plan win a judgment that was the largest of its kind up to that time.  For the San Juan Basin Royalty Trust, his nomination of the successor trustee  was carried on the proxy statement and was approved by special vote of all unitholders.

Mr. Wulff wrote with Bill Bruns, How to Profit from the Coming Oil Crisis, a book published by Bertelsmann three years before Saddam Hussein’s invasion of Kuwait.  Featured in Barron’s, Institutional Investor, Business Week and Oil and Gas Investor, he has been a guest on Bloomberg, Nightly Business Report, CNBC, CNN, and Wall Street Week with Louis Rukeyser.  He is a past president of the National Association of Petroleum Investment Analysts.  A Chartered Financial Analyst, Mr. Wulff belongs to the CFA Institute and the Boston Security Analysts Society.  In his long career, he has also worked for Exxon, Chevron, and as a consultant for the governments of Alaska, Algeria, and the U.S.  Born in Wisconsin, he earned degrees of Bachelor of Science in Chemical Engineering from the University of Wisconsin and Master in Business Administration from Harvard University.


Disclaimer and Disclosure
Analyses are prepared from sources and data believed to be reliable, but no representation is made as to their accuracy or completeness. Neither he nor his spouse trade a subject stock within a week before or after a change in rating.