Energy/Oil & Gas ER still viable?
Currently debating on whether or not to take an offer for an associate seat for Oil & Gas ER. Reading about the banking side of things a lot of people seem bearish about the future of the industry, but I've gotten more optimistic takes from people I know on the credit side. Personally I am not incredibly interested in Energy but have been looking to move on from my current role into sell-side ER, is Energy esoteric enough where after ~2 years it would be hard to lateral to a different space even if its within Industrials/Materials?
I'm currently in the same boat trying to break in, trying to leverage my industry experience to land that role. Could I PM you?
Sure, dont know everything about the space but happy to help.
Since you're on anon mode can you message me? It won't allow to message you
People have been predicting peak demand for oil for decades... current realistic projections say ~15 years, and after that it won't drop to zero immediately... natural gas will act as the bridge between oil -> renewables
O&G won't have growth like renewables or tech, but it certainly isn't a dead industry in the time of your career
If you are not interested in Energy I would stay away unless the comp look too good. Research is one of the harder hit areas in O&G same with as aforementioned the great PE exits of old. The other issue is that "modeling in Energy" is different than modeling in other industries and valuation skills differ I beleive.
Could you not pivot from o&g energy to renewables?
OP said they are not interested in Energy in general. Sure you can pivot since all energy has the same "macro trends". But when it comes to technical skills/valuation, figuring out the IP, lifecycle of shale well which is a finite resource is much different than valuing a hydro storage facility or solar farm. This is why most of the new combined bank renewables groups come from industrials.
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