Canada energy IB vs US energy IB
Hi guys:
Could someone comment on the main differences in terms of deal exposure and exit opportunities in terms of Canada energy IB vs US energy IB please? From what I've researched, it seems that Canada energy IB (esp in Calgary) is more on asset acquisition and disposal, less on large M&A /cross-border deals. Would it be correct to understand that, US energy IB would offer better deal experiences to understand capital structure than Canadian ones please? Thank you!
Bump please!
Also wakka know.
At my prior firm (BB) the Calgary office did a mix of power, utilities and oil/gas. The oil and gas deals were primarily asset focused because the universe of sizeable companies is too small to warrant frequent merger deal flow. Some of the power deals seemed interesting because the companies had a global footprint (Algonquin, Northleaf, etc)
On another note the Canadian oil and gas industry is in far worse shape than the US side. Alberta implemented mandatory production cuts and pipelines are being canceled left and right. There is no market for their natural gas in the US any longer because of new supply sources. I personally don’t see a long term future for the industry in terms of growth. Some banks are also dumping oil sands clients out of ESG policy and have/will close Calgary offices.
Quis quo repellat autem qui. Rerum odit laboriosam doloribus tempora pariatur aut. Excepturi aliquid impedit maxime iste numquam magni praesentium. Optio et labore ut non sit eligendi et. Totam repellat omnis aut magnam veritatis et deleniti quae.
Molestiae dolorum amet est mollitia accusamus quod facilis. Voluptas occaecati qui quasi fugit. Impedit reiciendis quis facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...