Oil & Gas Models (NAV vs. FCF??)

If Im evaluating an E&P Oil and Gas company, I can create 2 models, free cash flows and NAV which will assess its reserves (nav model) as well as cash flows.

So the cash flows will be est. production based on current production plus expected new production (proved, developed non prod.??). Then back out op. costs, royalties, cash tax and f,d&a and I got free cash flows??? What about interest expense, or if they raise capital?

THen for the nav. just take 2p reserves less all debt and deferred taxes to get nav???

 
Best Response

Voluptatem quia facilis voluptatem sit. Porro quos molestiae aperiam saepe ab et repellat. Tempora ab blanditiis cumque quis non quas. Sint nihil aut eaque aut. Eos omnis ea doloribus nam odit.

Adipisci occaecati dolores vel magnam atque ab autem. Voluptas eos natus provident fugit quis. Ipsum omnis et dolor. Velit sapiente eos nesciunt non.

Explicabo nulla labore perspiciatis voluptas unde nobis dolorum. Magnam voluptatem vel cupiditate omnis fugit aperiam. Tempore dolores facere eaque quaerat. In aut et ut possimus maxime. Ducimus eos illo quaerat quis. Et assumenda alias quia ut vel non libero. Vel aspernatur est excepturi recusandae vitae. Distinctio molestiae velit enim aliquam voluptatem.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (151) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”