Information Sources for Energy Sector Equity Research/Asset Management
Hi Everyone,
I'm currently in audit in London with 4 YOE and I'm in the process of considering the next phase of my career. I have had quite a bit of time to think about it now, and I feel as though I've landed on something that I could conceivably envisage myself excelling in and being interested in for the long haul, which is energy sector equity research/asset management.
I understand that in order to get a role in this, I'll need to be exceptionally well-prepared in terms of both industry knowledge and technical modelling skills. In terms of industry knowledge, do you have any recommendations for the best information sources that I could read up on daily, including newspapers (FT/WSJ/Bloomberg) and energy/industrials-specific newsletters/blogs/contributors/etc.? When it comes to modelling, would you guys advise that I enrol in/pay for certain courses on WSO to really accelerate my knowledge?
Thank you all in advance.
Hello there!
Transitioning into energy sector equity research/asset management is an exciting move, and you're right to focus on industry knowledge and technical skills. Here are some recommendations based on the highest ranked content on WSO:
Industry Knowledge: - News Sources: Regularly reading financial newspapers like the Financial Times (FT), The Wall Street Journal (WSJ), and Bloomberg is a great start. They provide a broad view of market trends and specific energy sector developments. - Specialized Information: For energy-specific insights, consider following the Energy Information Administration (EIA) for their production reports. This will give you a solid understanding of the energy market fundamentals. - Company Research: Dive into company websites, analyst presentations, earnings transcripts, and financial reports available on the SEC website to get a deeper understanding of individual players in the energy sector. - Online Platforms: Utilize platforms like Google Finance, Yahoo Finance, Ycharts, Finviz, and Seeking Alpha for charting tools, financial ratios, and comparable company analysis.
Technical Modelling Skills: - WSO Courses: Enrolling in Wall Street Oasis courses could be beneficial. They offer specific training for investment banking, private equity, and financial modelling that could help accelerate your knowledge. - Practical Application: Try to apply what you learn by building models for real companies or hypothetical scenarios within the energy sector. This hands-on practice is invaluable.
Remember, consistent reading and practical application of your skills will be key to excelling in your desired field. Good luck with your career progression!
Sources: How To Follow The Markets Like A Pro – For Free!, Why are Equity Research and Investment Management looked down upon?, Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, Energy sector having the highest M&A fee?, Energy Sector Primer
What I will say is that if you're too picky on sector trying to make this jump, it could be a very long time before you're able to do it.
Realistically, sell side is your first stop and within any given sector in Europe there are probably around ~15 teams. The chances of those teams having headcount capacity is fairly low at any given point in time. And it could be months before an opportunity presents itself.
Thank you for the reply! I'll simultaneously look into infrastructure (utilities/transport/telecom) then. Do you have any tips on information sources to leverage for either of these sectors (energy/infra)? Also, would you recommend the WSO Modelling guides for getting up to speed with my financial modeling skills? Cheers again!
Can't comment on either of these things unfortunately!
Qui fugiat recusandae similique eum nulla. Nihil accusamus nihil qui culpa in architecto totam. Quae iste eligendi laboriosam dolorem qui enim. Voluptas voluptatum quis consectetur libero rerum non.
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...