Oil & Gas Investment Banking: The First Victim of the ESG Cult?
Brian DeChesare
AUGUST 10, 2022
Companies may classify these deposits as resources (more speculative) or reserves (confirmed by drilling, accurately measured, and economically recoverable using current technology). CNOOC Energy Technology & Services (China), PAO TMK (Russia), and NOV. Essentially, the NAV Model is a super-long-term DCF without a Terminal Value.
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