Jennings Capital Inc. is bolstering its energy research coverage by rehiring an analyst who had left the boutique securities dealer three years ago.
David Ricciardi has joined the firm's Calgary office as vice-president and exploration and production analyst. Mr. Ricciardi had left the sell side in mid-2012 to run his own investor relations firm. Prior to that, he worked at Jennings, then Clarus Securities Inc.
Jennings restructured its operations in 2013 to deal with a sharp downturn in the resources end of the securities business. The firm installed new department heads, and brought back some of its former management under CEO David McGorman.