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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inventory holding costs. Therefore‚ quantitative and qualitative analysis needs to be done to check the feasibility of having a common National Distribution Centre (NDC) or combining the demand of certain regions or products to have an optimized solution to minimize the total cost by trading off the increased distribution cost and warehouse cost with reduced inventory holding cost Calculating the annual inventory and distribution cost of the current distribution system: In the current system
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Honestly‚ before this interview‚ I was only vaguely aware of the fact that there was even such a thing as the Persian Gulf War. I know that sounds terrible‚ but the only times I’d ever heard of it were when the topic of my uncle’s enlistment came up‚ and my mother explained that he fought in the Gulf War. Other than that‚ I had no knowledge of what it was‚ when or where or why it happened‚ or how it affected the country. After the interview‚ I now know about the fact that there were bombings‚ and
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Table of Contents Openers 11 Oil Drilling: The Definition of Insanity 11 AT’s 12 AT: Regulatory Reforms Made 12 No Additional Regulation 12 Insignificant Changes 12 Blowout Prevents Deficient 13 Insufficient Reforms 13 AT: Government: Impact is Small 14 OECM model flawed 14 AT: Moratorium Caused Job Loss 14 Moratorium didn’t cause significant job loss 14 AT: Gas Price Reductions 15 Opener: Won’t Reduce Gas Prices 15 Opener: Political Rhetoric is False 15 AP Study: No Correlation between Prices and
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as “one of the greatest challenges in the 21st century” and states that “as a major supplier of energy‚ BP believes it has a responsibility to take a lead in ªnding and implementing solutions to climate change.”31 In its 2000 environmental report BP also refers to the importance of internationally agreed solutions to mitigate climate change‚ especially the market mechanisms included in the Kyoto Protocol. 9 July -- UPDATE -- I ’ve just been invited to turn this into an op-ed piece for the next
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1) What caused the existing system at ETO to fail? This system was based on the assumption that direct costs and overhead are consumed in the same proportion for all product testing. However‚ this is not the case and therefore the system failed. For example‚ due to the implementation of the vendor certification and the just-in-time delivery‚ some products are already tested and do not need any further tests‚ and ETO faces a decreasing number of the tests performed. On the other hand‚ new components
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Chapter 5 Case -- Stem Corporation (A)* On December 31‚ 2006‚ before the yearly financial statements were prepared‚ the controller of the Stem Corporation reviewed certain transactions that affected accounts receivable and the allowance for doubtful accounts. The controller first examined the December 31‚ 2005‚ balance sheet (Exhibit 1). A subsequent review of the year’s transactions applicable to accounts receivable revealed the items listed below: 1. Sales on account during 2006 amounted to $9
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Case 14.2 – Page v. Gulf Coast Motors Parties Plaintiff: Gulf Coast Motors (The Company) Defendant: Glenn A. Page and Mary R. Page Glen A Page and Jerry Sellers‚ the owner of Gulf Coast were friends. Facts Glenn A. Page was friend for a long time of Jerry Sellers‚ an owner of Gulf Coast Motors. Glenn began borrowing money from Gulf Coast Motors on a regular basis for two years. There was no formal loan process. Glenn would sign a ledger where it was written “I agree to pay Jerry Sellers
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our government in the forms of censorship‚ false reporting and untruths and unbalanced news. The truth needed for a vibrant democracy has dissipated‚ leaving behind an antiseptic and sanitized version of the war in Iraq‚ brought to us by media corporations – often referred to as “mouthpieces for the US government” . “Mostly‚ it works that way in practice because countless journalists – whether they’re flag-wavers at Fox News or liberal sophisticates at NPR News – keep letting authorities define the
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The Pacific Oil Company “Look‚ you asked for my advice‚ and I gave it to you‚” Frank Kelsey said. “If I were you‚ I wouldn’t make any more concessions! I really don’t think you ought to agree to their last demand! But you’re the one who has to live with the contract‚ not me!” Static on the transatlantic telephone connection obscured Jean Fontaine’s reply. Kelsey asked him to repeat what he had said. “OK‚ OK‚ calm down‚ Jean. I can see your point of view. I appreciate the pressures you’re under
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