Last week, President Trump announced steel and aluminum import tariffs (of 25% and 10% respectively) on "national security" grounds (Section 232 of the Trade Expansion Act). He signed the orders to impose the tariffs today, with some amendments from his previous hard line position. The announcement follows tariffs on solar panels
Author: Karl
Interview with: Real Estate Commercial Banking VP
What candidates do commercial banks hire for in terms of degree and grades? I would say that the commercial banking sector assesses candidates from a fairly diverse background in terms of undergraduate degrees. That being said, a deeper understanding of business concepts, economics, accounting, and/or mathematics goes a long way in
Interview with: Transfer Pricing VP
What is transfer pricing? Transfer pricing refers to the rules and methods for pricing transactions between enterprises under common ownership or control (ie. subsidiaries of large multinationals). It largely applies to the pricing of cross-border transactions between related entities, a good example would be the pricing of services provided by a subsidiary
Interview with: Private Debt Analyst
What is Private Debt? Think Private Equity, but in debt instruments. Private Debt invests in privately placed bonds that are closely negotiated between the bond issuer and purchaser. Debt structures are often highly tailored to the needs of the issuer. Due to this closed negotiation process, private debt investors often can "peek under
Major Oil And Gas Basins: Viking Formation
Written by a bulge bracket oil & gas investment banker Overview of the Viking Formation The Viking formation is a popular Lower Cretaceous play located in the eastern portion of the Western Canadian Sedimentary Basin and it spans across eastern and central Alberta and western Saskatchewan. According to the National Energy Board
Oil and Gas Investment Banking: Spreading E&P Peer Comparables
Written by an oil and gas analyst in a Bulge Bracket investment bank Metrics & Multiples Analysis: Oil and Gas Metrics and multiples are a key dimension of valuation within Investment Banking and Equity Research (and corporate banking). Each metric/multiple tells a different story about the current state of the business. Analysts
Major Oil and Gas Basins: Montney
Written by a bulge bracket oil & gas investment banker An Introduction to the Montney Overview of the Montney Formation The Montney Formation is widely regarded as one of the largest and most attractive premier plays in the world. The play is divided between British Columbia and Alberta and spans across northeast British
Major Oil & Gas Basins: Alberta Deep Basin
This article was written by an oil and gas analyst at a Bulge Bracket investment bank. An Introduction: Alberta Deep Basin The Deep Basin, one of Canada’s premier natural gas plays, produces ~3.2-3.3 billion cubic feet per day (bcf/d) of gas and is cost competitive with premier US gas basins such as
Interview with: Treasury Analyst
An Interview with a Treasury Analyst What is your background? I studied Commerce at Sauder School of Business, with a specialization in marketing and sustainability. I did not do co-op; however, I did do a banking PCM (Payments and Cash Management) internship. My first job coming out of school was a leasing
Interview with: Big 4 Transaction Advisory VP
What does a Big 4 professional services firm do in terms of Transaction Advisory/M&A advisory? Big 4 M&A typically has three sub-departments: Transaction Advisory, Corporate Finance, and Integration Services. Transaction Advisory does a lot of financial due diligence, which is coming up with a normalized level of EBITDA/NWC/net debt and analyzing