Anything wrong with Energy?
From previous discussions, many of you have said that TMT, Healthcare, Retail are good groups. I noticed that no one said anything about energy. I also noticed that people that do go into energy go in there because they want to work in Houston.
I was just wondering if any of you guys think it's a good group to be in? Is it b/c there are not a lot of M&A in energy?
I work in energy and think it will be a great area in the future. while a lot of jobs are in fact in houston you can find great jobs anywhere in the U.S. If your talking about major investment banks only then yes most are in Houston and NYC.
I also working in Energy, and Monty is correct.
Energy can be a broad term, it can include Power - Conventional and Renewable
Oil and Gas - Midstream & Upstream
Renewable is seeing a lot of advisory work due to state RPS, also based on the B.S. deals out there I expect to see a lot of distressed sales and M&A coming soon.
Gas M&A is a little weak due to sub $3 gas. Although the "experts" are forecasting $4+ within 6 months (right!). Generally weak gas = equity financing.
Monty how is business these days? What part of energy is your focus?
natty prices effect my job but we are still seeing some nice PNL. I am in trading in Houston
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