Course description
Oil and Gas: Valuation Techniques and Modeling (1 day)
Whole Company Financial Modeling for E&P Companies
This section will allow delegates to learn how to build a three statement model for an E&P company. It will highlight the key value drivers and their inter-relationships.
DCF and NAV Valuation
This section will allow delegates to learn how to build a DCF valuation model for an E&P company and cover the five key stages.
Comparable Transactions Analysis
Putting the Analysis Together
Review a football field of the various valuation methodologies and benchmarks.
Suitability - Who should attend?
- New hires who have joined the firm late and missed the in-house program
- Individuals looking to fill a knowledge gap
- Experienced bankers looking to refresh their technical skills
- Teams employed in financial strategy roles from non-banking corporations
- Graduates preparing to interview for a role in the finance sector
- Students at business school and looking for a career in finance
Training Course Content
Whole Company Financial Modeling for E&P Companies
Learning Outcomes
- Oil price benchmark and realised premium/discount to the benchmark
- Production growth
- Production cost per barrel
- Replacement costs per barrel (finding & development)
- Exploration & development expenditure
- Movement in undeveloped vs. developed reserves
- Movement in abandonment provision
- Effective tax rate
- The model will subsequently be used to perform a DCF and NAV valuation
DCF and NAV Valuation
Learning Outcomes
- Calculating FCF from EBIT
- Estimating WACC
- Estimating Terminal Value (Gordon growth vs. terminal EBITDAX multiple)
- Discounting to derive an enterprise
- Reconciling enterprise value to target share price
Finally, as a case study, we will examine the competent persons valuation report and M&A defence document covering a full NAV.
Learning Outcomes
- 2P reserves
- Contingent resources
- Best Estimate of Prospective resources (EMV)
- Operating Working capital
- Other balance sheet adjustments
- Base case vs. best case
Comparable Transactions Analysis
Learning Outcomes
- Select comparable transactions
- Obtain historic and projected data
- Normalise the results and exclude extraordinary charges
- Calculate premiums
- Compute operations metrics: EV/1P or 2P reserves, EV/MCFE
- Compute operational metrics: EV/DACF, EV/EBITDA, EV/EBITDAX, Price/NAV
- We will examine E&P transactions in the US and Europe
Putting the Analysis Together
Learning Outcomes
- 52 week high and low
- Equity research
- Trading comparables
- DCF (with and without synergies)
- NAV
- Transaction comparables
Course delivery details
While this is a face to face training course, a blended learning approach is taken and delegates will be provided with access to AMT Online. Our study materials contain both the knowledge and practice materials required to assist with the learning process and help you in your job role. Course materials include:
- e-binder
- laminated summary sheets
- 24/7 access to DELTA online learning environment
- class recordings
- course notes
- quizzes
- electronic homework/study files
About provider
AMT Training - Financial Modeling Courses
For over 20 years we have been equipping analysts and associates with core skills for banking and finance. Our clients include the top ten investment banks and some of the biggest private equity firms in the world. With offices in...
Request info
Contact info
AMT Training
Find out more about this Oil and Gas: Valuation Techniques and Modeling (1 day) course - simply fill out your details:
There are no reviews available yet.
Are you curious about the L&D strategies of some of the U.K.'s top companies?
Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!
