Oil & Gas beginner...

Hey guys,

Targeting Energy IB (Houston) and currently grinding through NAV modeling.

One thing I noticed is that NAV models feel like pure "unlevered asset valuations" and don't really touch the financing/structuring side.

How much do you actually advise on the capital stack? Are you pitching the specific mix of Debt/Equity or is that mostly handed off to LevFin/DCM?
Do Coverage juniors build the RBL (Borrowing Base) models from scratch, or is that usually provided by other team?
If a deal involves Midstream/LNG, do we actually touch Project Finance models, or is that a separate world?

Appreciate any insights. Cheers!

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