No more making fun of Jefferies?? Exxon Mobil XTO Energy Deal

JPM, BarCap and Jefferies? Strange lineup ...

Well I guess the more interesting question is whether the MD's who left BB's for smaller banks are going to be able to bring smaller banks to the top of the league tables.

nice

So when are the PiperJefferies and whatnot coming in to troll about this post? Wonder what their insightful post is going to be about?

naive question: why do ppl make fun of jefferies?

On a side note, what's the easiest way to track what deals banks recently advised on without access to bloomberg/cap iq?

I interviewed with that energy group and they mentioned that they would be part of one of the biggest energy deals since anadarko and I thought they were just bullshitting to sell the firm. I saw this shit on CNBC today remembering that they have a really good relationship with XTO and wondered if this was the "game changing transaction" the interviewer was talking about. sho nuff... definitely a huge accomplishment for the group and the firm.

op: it is a $31bn deal not 41bn

$41 billion is the transaction value, which includes the $10bn assumption of the target's debt.

jpm and barcap are perfect banks for the deal. in my opinion the two best natres groups on the street. can't say much about jef

sorry..thanks for the clarification.

can't say much. don't know how the work split would work

I don't think JP has NatRes in Houston? Just Trading stuff...the glory is all in NYC.

BarCap NatRes Power is in Houston, the rest of it is in NYC. Honestly, the Houston crew would not get much to begin with in my opinion, the star MD's and stuff are all in the City. If you want to work for an Oil Company/Power Trading go to Houston, else for banking stay in NYC.

^^^No. Almost every major Energy M&A team is out of Houston. And there's more glory in making the same money and working fewer hours anyways.

suspenders is high. dank shit apparently

'Cause Ben Lorello is the man and he called it a low tier bank.

Jeffiries has a legit Oil and Gas business .... not every group at every middle market bank is sht guys

Barcap natres has 2 all stars ... Skip and Fiero ... they travel back and forth ... yes Barcap's had a very long term relationship with XTO - their nat res ECM banker billy burkett I think does lots of business with them and Exxon had a relaionship with ex-lehman guys as well

Agreed. If you look at the caliber of personnel that jef has acquired in the last two years, it is amazing. I guess money talks, and jefferies is known to compensate extremely well

also Jack Randall, the guy who started jeffries oil and gas group, is on XTOs board.

every bank has to start somewhere... you can't be born a BB. Many european banks were started in the 1850s. Give Jeffries time and I'm sure it'll be quite successful (unless they have a HUGE f*ck up along the way)