About to start a summer internship in Houston within the oil and gas investment banking space. There have been tons of threads talking about COVID’s effect on internships as a whole, but with the state of oil and gas, would love to see any opinions specifically concerning Houston energy.
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oopsies
Idk about the internships particularly, but a person I know who works at an EB told me that the EB's team that sits in Houston goes home at 5 pm on most of the days because of the lack of dealflow. With the Oil prices crashing to $24-25, I expect the whole Oil & Gas industry to take a hit, including the IB team working in that space.
Shouldn't EBs have a lot RX mandates going on? Can imagine BBs take a huge hit but a friend at an EB (think MC/EVR) said they're still busy a week ago
True. That is exactly what I was told. The team goes home at 5pm unless the RX team needs some input/help on something they are working on. The Oil & Gas teams in itself aren't doing very well.
You clearly have no idea what you are talking about. Any EB that has an RX team/group will have the group in Houston working 24/7 this entire year.
Any information for Houston EBs like TPH and Jefferies?
Jefferies just sent incoming ft analysts an email saying the start date is not gonna change and your offer with Jefferies is not at risk.
Spoke with Moelis and Lazard last week. Lazard is pretty much moving everyone over to Rx mandates and Moelis is getting swamped and is anticipating a crazy busy next few months
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