Holly shit I am stressing out. I do mainly sales related work but apparently I am a banker so my boss just handed me this 2 state 15 prospect oil and gas exploration partnership we are doing and told me to model it for him by tomorrow afternoon. 1) I have never created a model from scratch, only tweaked existing models 2) this is a TMT firm so noone here has any idea how to model an oil and gas exploration deal. wtf do i do. where can i find one? can anyone email me one? i am about to eat my lap top.
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fuck fuck fuck fuck fuck
I already saw that. i am afraid its going to be too confusing.
for the time i have and the size of the deal i want to do. i might get it. thanks.
http://www.utstat.utoronto.ca/sjaimung/courses/Commodities/SpotModels.p…
http://www.utstat.utoronto.ca/sjaimung/courses/Commodities/ForwardModel…
If you need an intro to commodity modeling, check the following link first:
http://www.utstat.utoronto.ca/sjaimung/courses/Commodities/Intro.pdf
lol, nevermind. I just read the title and thought you meant actual oil & gas modeling. Not valuing a company...
I'm probably gonna get a lot of monkey shit for this, but investment banking seems really easy conceptually if these things can cause someone so much stress...
total production (BOE) x price (oil and/or nat gas) = revenue. know it sounds simple, but those are the driving factors lease operating and exploration expenses are the most important costs.
i think you have no idea what you are talking about.
thanks. i talked a friend at wells into sending me one of their smaller exploration models. Hopefully good to go.
Maybe not, but your problem seems very trivial to me. And the fact that it's causing you so much stress is something I find interesting.
So I guess if you had a background in sales and not in finance and had never built a model in your life, nor had you any experience in oil and gas exploration, and were told to build an exploration and exploitation model in 2 days out of scratch with zero help from anyone you work with, for a deal that will be worth $1 million in fees to your firm, of which i will receive about 1/4... why would you ever be stressed? u r a donk.
NAV....stretch it until opex > revs.
meh, I want the money, and now that I got the model i am taking care of business.
also this closed and will contribute 200k to my bonus over the next two years. not so bad bottom for bottom feeding and 55 hour weeks.
thedude - where do you work, how did you get the position, and how can i get there?
Troll
That or he works at Summit Partners - hence the cold-calling ("sales-related work") and general lack of knowledge of finance and valuation. But even then I heard Summit "only" pays up to 40K for deals closed.
it was 15 prospects so maybe that lead to 5 deals being closed. OP - I want your job
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