Superday for Canadian BB in Energy

Hey all! I have a Superday coming up for a BB's Canadian branch energy division in Calgary. I can't find too much online about the group in particular but was wondering if anyone else has recruited in similar circumstances and has tips about either that or energy IB interviews. Thank you!

 

Was in a similar position last spring and would say it's pretty important to know the Canadian energy scene. That means upstream producers (Enbridge, Suncor, etc.) and midstream players (TC Energy, Alliance, etc.). It'd probably also help to know a bit about any upstream producers in the Bakken and Montney since some Calgary teams deal with upstream producers in both of these plays. On top of that, it'd probably be helpful to know a little about the overall regulatory environment in Canada and how the lack of infrastructure from Canadian oil fields to gulf coast refineries has played a role in the heavy price discount of Canadian crude. Those are just some starting points, but all the best in the interview.

 

If you're recruiting from Calgary, likely an easier sell, but if you're from Toronto, make sure your personal "Why Canadian Energy" thesis is strong. You have to really love the industry, and believe in building a career there. Aside from knowing the differing types of deals (E&P, midstream, OFS), have a good understanding of the unique valuation multiples used (and why they are different). For example $/BOE, or EV/DACF. Finally, the NAV model is generally used for all E&P (whereas a DCF can work for an OFS company), so be comfortable in understanding these models. Good luck!

 
Most Helpful

Sint ea quis nobis enim. Laboriosam laboriosam dolores expedita neque aut quaerat. Assumenda ut ut harum quia ratione at. Rem hic pariatur labore aut est minus quos. Consequuntur fugiat tenetur qui ut voluptas aperiam. Accusamus nostrum qui voluptatem laborum recusandae impedit.

Et eos vel eligendi est dolores molestiae eos. In qui minima ut sunt. Culpa voluptatem quam alias sit repellendus deleniti facilis. Illo numquam et et aut a eum.

Ut voluptatibus perferendis voluptatem ut sit fugiat et explicabo. Qui quidem nemo dolorem repudiandae. Voluptates ut illo assumenda voluptatum modi et illum. Consequatur dicta natus sed animi saepe atque accusamus.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”