We covered some of those points in the article on commodity hedge funds: https://mergersandinquisitions.com/commodity-hedge-funds/

In theory, you can move from a NR group to a trading firm, but you’re better off starting in S&T. I can’t comment on energy PE firms or hedge funds in London, as I haven’t looked at the space in a long time.

Thanks for this article.

Is it possible to move from Oil & Gas/Natural resources (London) to commodities trading firm (paper or physical)? What is your opinion about such opportunities (Energy PE/HF) in London, are there much opportunities? Anything you think I should look out for?

I’m going to start my 2024 summer in a BB (BofA), hopefully in their NR group.

I see you already signed up, but the entire NAV Model is in the Oil & Gas course as the second case study on Ultra Petroleum. We don’t offer consulting services, but you’re free to ask any questions about your model or stock pitch for the hedge fund interview on the site, either in the comments or via email.

HI Brian,

Amazing article. I have a 3rd round case interview with a top E&P focused hedge fund coming up, so I’ve been researching all over. This article was particularly helpful and the first one to explain in great detail certain of the complex considerations required to impress the PMs. I’m curious if you were ever able to clean the model to share, or if you know of anyone or any service that could offer a couple hours of paid consulting services to answer questions about the nuances of E&P modeling. Thanks, again for the interview. Look forward to hearing from you soon.

Regards,
Adam

Not unless you somehow get non-energy work experience via the MBA such as from a pre-MBA internship

Would going back to school for an MBA help at all?

Not very likely because energy is very specialized (perception more than reality sometimes, but recruiters only care about perception).

I can ask, but this interview was conducted years ago, so he may or may not be responsive.

Great article – I would be interested in getting in touch with the interviewee to have a brief chat about the discussed opportunities.

Please let me know if there is any option to do that.

Thanks and best,

Thomas