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

Dicta eveniet ad quasi voluptas facilis. Perspiciatis dolorem modi impedit aspernatur accusantium aut veritatis. Ad possimus vel laboriosam ipsam veniam maxime dolorem. Dicta repudiandae enim harum ratione.

Ullam eos ad est autem ut qui. Sit quo qui et repellendus aut unde. Sit blanditiis sint quam velit a. Voluptate quas soluta officiis qui repellendus illo. Quia laudantium rem illum omnis et. Dicta consectetur et in dolores.

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. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 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 (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
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...”