Oil & Gas Valuation – Quick Reference http://breakingintowallstreet.com Oil & Gas Valuation: Comparable Public Companies & Precedent Transactions Picking a set of comparable companies or precedent transactions for an oil & gas company is very similar to how you would pick them for any other company – here are the differences: 1. Rather than cutting the set by revenue or EBITDA‚ you would instead select the set based on Proved Reserves or Daily Production (in addition to the normal geographic and industry criteria)
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Himachal Futuristics Communications group‚ named HFCL Infotel and promoted by Anant Nahata. It started as a provider of landline services under the brand name ‘Connect’ in 2000. It launched CDMA services in 2007 and GSM operations in Punjab in 2010. The HFCL group held 36% in a joint- Valuation Ratios (Consolidated) EPS +/EV / Sales (X) EV / EBITDA (X) 2013E 2013A Negative Negative 1.69 -15.41 Negative Negative - venture with the Videocon group under the name Datacom – this
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Seminar Questions – Stock Valuation 1. How much should you pay for the preferred stock of the Dakota Doorknob Company if it has $100 par value‚ pays $8.50 a share in annual dividends‚ and your required rate of return is 10 percent? 2. NDV Corp.’s common stock is expected to pay a $2 dividend‚ which will grow at a compound rate of 4 percent indefinitely. a. If the market requires a 14 percent return‚ what should be the current market price of the stock? b. If the
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LECTURE STOCK VALUATION 1. Common stock valuation A share of common stock is more difficult to value in practice than a bond‚ for at least three reasons. First‚ with common stock‚ not even the promised cash flows are known in a advance. Second‚ the life of the investment is essentially forever‚ since common stock has no maturity. Third‚ there is no way to easily observe the rate of return that the market requires. Nonetheless‚ as we will see‚ there are cases in which we can come up with
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Executive Summary JetBlue was started in 1999 by David Neeleman‚ whose vision is to give high-quality and reliable flying experience in a budget airline. Through sophisticated technology‚ brand new aircrafts‚ impeccable customer service and low fares‚ JetBlue was on its way to achieve this vision. Although the low-fare travel industry was gaining momentum‚ the September 11 attack brought a massive downturn to the already-risky airline industry. However‚ JetBlue was still able to deliver good performance
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does‚ which means the company has been conservative in financing its growth with debt‚ and thus contributes to stable earnings as a result of less additional interest expense. Above all‚ the company is in a good condition and enjoys a promising future development. Alternative Valuation Method Since Evolution Petroleum Corp. is an E&P company‚ DCF model
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First time at On The Border A couple years ago in the summer‚ Lucie‚ her sister (Cassie) and I were having a hangout at Lucie’s house. We started doing gymnastics‚ then we started to get hungry‚ so we went up stairs and Lucie asked her mom‚ “Mom. Can we go somewhere to get some lunch?” Lucies mom said‚ “Sure. Where would girls like to go?” We all started shouted out some restaurants. Then Lucie said‚ “How about On The Border?” Lucie’s mom said‚ “Heaven have you been there?” I said‚ “No‚ I’d love
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operations and cutomers’ satisfaction.It is an unidentifiable attribute or an intangible asset of a business. It enables the business to earn more than just sufficient profits which induces the entrepreneurs to remain in action all the times. Valuation of goodwill: Cost method It is the value which a rational buyer would pay for the business as a going concern less the value of net assets(assets-liabilities) taken over by the buyer. Cost of goodwill purchased=purchase price-net assets purchased
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States should build a wall on the border with Mexico to prevent illegals from coming into the U.S. Many other people think that a wall is the wrong thing to do‚ and there are other ways of stopping illegals immigration. The United States should not build a wall on the border. This is because it will not fix the problem and is not logistically implausible. To begin with‚ Lou (2013)‚ in his article provided reasons why he believes that a fence on the U.S and Mexico border would not prevent illegals from
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Ariel Sharon was the former 11th prime minister of Israel between 2001-2006. He had led invasions towards Palestine and other neighboring countries before and during his political time‚ in efforts to keep an Jewish state they already have. Ariel Sharon has devoted towards the Arab-Israeli conflict by his actions‚ which set the feelings that Israelis and Palestinians have for each other during this conflict. Ariel Sharon was born on February 26‚ 1928‚ in what once was Palestine‚ under his Zionist
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