Do natural resources coverage groups only cover oil & gas?
Wondering specifically about Barclays. Do NatRes groups cover things like metals & mining, or do they just do energy? Energy definitely seems like the main focus.
Trending Content - Investment Banking Forum
Career Resources
In London this can mean they do both (and in some cases like UBS it's actually more mining than O&G) and in the U.S. / Canada that usually means Energy.
Can confirm UBS NatRes is way more focused on mining.
For Barc: NatRes Houston does E&P, Midstream, and OFS and NatRes NYC does Majors, E&P, Midstream, and OFS - there's some crossover between the groups.
There is a separate Metals & Mining, Power, Industrials, and Transportation team.
As the other person mentioned, most upstream and some midstream and OFS is covered out of HOU. NY covers most downstream and a lot of midstream, some upstream and OFS.
To answer the question about other sectors, NY has a chemicals team that is within the NatRes group but an entirely separate vertical from the O&G team. I know metals and mining is also housed within the NatRes group but I don’t know where it’s covered/who the bankers are. Tends to be a less active space than O&G/chemicals.
Yep ^ it's now all under "Global Energy Coverage" but still separate verticals.
Deserunt unde ut vero deleniti temporibus. Officia asperiores praesentium voluptatem est saepe iure blanditiis.
Non nisi temporibus sapiente incidunt sapiente. Aut ad minus perspiciatis voluptatem. Quasi officiis rerum occaecati.
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...