Join me as I talk with David Forsberg, Managing Partner with Ascent Energy Ventures in a wide ranging discussion about oil and gas technology companies and the digitization of the oilfield, the investment thesis and how it’s changed since 2015, valuations and valuation methodology as driven by data, analytics and a sprinkling of hope (hope is not a plan).

#hottakeoftheday podcast Episode 53, w/David Forsberg, Ascent Energy Ventures

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David Forsberg bio

David Forsberg, CFA- Managing Partner
Ascent Energy Ventures

David founded Ascent Energy Ventures in 2019 to execute upon the generational opportunity in energy technology companies solving global energy problems, leading to a more efficient and automated industry. He brings over 15 years of experience deploying investment capital for institutions, private investors, and a single-family office.

He began his investment career in quantitative finance managing algorithmic execution and systematic investment models for Joe Ritchie at Fox River Financial Resources where he gained firsthand experience with industry wide automation. After eight years managing as much as $100mm in public market portfolios, David was hired by an energy focused single-family office where he sourced and conducted due diligence on hundreds of private investments.

Throughout his life, David has been involved in numerous segments of the energy industry- starting as a college intern for the Secretary of Energy and the Senior Policy Advisors; then as a portfolio manager of long/short E&P equities and commodity futures; then managing oil & gas investments in working interests and minerals; and most recently in the energy technology sector.

In addition to his investment work, David acts as a strategic advisor to multiple entrepreneurs, founders, and private investors as well as a litigation financial expert, where he prepares expert reports including complex calculations of damages and financial malfeasance.

David has spoken at the University of Colorado on the subject of investments, public market structure, and financial sector automation. He spent seven years as the vice chairman of the advisory board for a $1.4b financial firm and currently sits on the endowment investment committee for Regis Jesuit High School. David holds a BS in Finance from the University of Colorado at Boulder where he delivered the student commencement address and received a leadership award.

David is a CFA Charterholder, member of the CFA institute, and the Denver CFA Society. He is a long-term resident of Denver, Colorado where he lives with his wife Shannon and their young son. Over the years, he has enjoyed global travel and is passionate about skiing and spending time in the mountains.