Oil & Gas, E&P, Industry comp sheet
Hey,
Just wondering what specific multiples are most useful when analyzing an INDUSTRY (not a specific company) using a comp sheet. Any help would be appreciated!
Thanks.
Hey,
Just wondering what specific multiples are most useful when analyzing an INDUSTRY (not a specific company) using a comp sheet. Any help would be appreciated!
Thanks.
Career Resources
EV/reserves
EV/Reserves sounds good. Thanks.
I have up to now:
Net Debt to EV Net Debt to Cash Flow EV/EBITDA EV/EBITDAX EV/Production Reserve Life Index
Along with the standard forward PE, PEG, etc...
I work at an energy merchant, we keep a close watch on what the producers' reserves are worth and forecasted production. The value of reserves are incredibly important for securing/pricing your financing, being able to hedge future/ current production, and lock in cash flow. We also pay attention to drilling and refining economics for both oil and gas companies. This isn't a ratio, but certain companies can extract more value out of their reserves than others. In the current oil/gas environment the companies that are doing best are the ones that hedged the largest % of their current production and future production. Sorry I do not work in the asset side and can not go into more detail about ratios. If you were to interview in oil/gas focused banking being able to explain why those ratios are important and how they drive the valuations of those companies would help you stand out.
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