Oil & Gas Investment Banking: The First Victim of the ESG Cult?
Brian DeChesare
AUGUST 10, 2022
The Limited Partners own the remaining ~98% of the partnership but have a limited role in its operations and management, similar to the LPs in private equity. The entire Energy Services vertical is like a “high Beta” play on oil and gas prices. Essentially, the NAV Model is a super-long-term DCF without a Terminal Value.
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