Hey all
I want to end up in a Energy Banking in Texas. These banks do recruit from my school(regional target). How can I separate myself during recruiting? Does specific industry knowledge (Permian oil basin?) help? Thanks.
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Permian faces a lot of concerns right now, would focus on the industry potential and the value drivers and margin reductions. An interview question I had was the relationship between OFS and E&P margins
Holy fuck this is wrong. Some minor short term concerns but nothing major.
Also read up on general terminology and jargon.
The guy who said “crude trades at a $10 discount to WTI” would get laughed out of the room. Brent? Canadian? West African?
This is like saying $10 stock more expensive than $5 stock...
Please elaborate why realizing Midland prices versus Cushing or Gulf prices would not be a concern
Damn I interned in Oil & Gas IB, hearing words like the permian make my body lust for black gold
Analyst or associate? I'd be up to date on recent industry trends. For example, why does crude trade at a +$10 discount to WTI (lack of midstream takeaway infrastructure is creating a flood of supply in the region).
Bayoumonkey did a little write up on O&G macro here https://www.wallstreetoasis.com/comment/1745245#comment-1745245
Thanks! Do you think Broad industry knowledge like information found in a primer or Oil and gas Journals would be more useful than trying to self teach O&G valuation?
Know the Permian and SCOOP/STACK well & have a general idea of other areas. I’d err on the side of having a general understanding of the industry instead of focusing on specifics.
It’s important to understand how valuation methodologies differ from those used for normal companies. There’s a Wall Street prep video on NAV models that go over the basics.
I'll look into this.
Recruiting for FT Energy Banking (Originally Posted: 03/02/2018)
Hello guys,
Been lurking around for a while. I'm currently studying petroleum engineering (3.4 GPA) at a semi target. I have interned in finance in various capacity (i.e. Boutique IB) and went through SA recruitment this year. Interviewed with various BBs (GS, Barclays, Citi, etc..) and EB/MM. I m originally from Houston and half of my interviewed was based in Houston, and the other half was in NY.
Very bummed out that I didn't receive a single offer. My only offer is to work in oil and gas for engineering this summer but thats not where I want to end up ideally. But this summer, I will be strategically located in Houston so I could network a bit.
I still have my eyes on IB, but realistically, my only shot left is FT as I am graduating next year. What would be the best way to use my time now until FT to best position myself? I am not aware of how FT recruitment work and the timeline so I would really appreciate if someone could share their experience. As things stand, my chances of breaking into energy banking is much higher so it might be more worthwhile to network aggressively with them. How should I connect back with my interviewer to let them know I am still interested?
I know that's a lot of questions and I would really much appreciate it. Thanks!
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