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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 24 slides",
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  "authorName": "Morgan Stanley",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "The slide presents two financial models side-by-side to calculate implied share prices based on different terminal yield assumptions.",
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      "text": "Holding AMGP's current terminal yield constant would imply a pro forma share price of $21.86 (~18% upside to current price)\nUsing peer average breakeven yield of 9.5%, implied pro forma AMGP would be $25.63 (~39% upside to current price)\nUsing OKE's implied terminal yield of 6.4%, pro forma AMGP price would be $34.97 (~89% upside to current price)",
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      "text": "Source: Capital IQ, Company Materials",
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      "text": "Market Data as of August 3, 2018",
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      "kind": "table",
      "text": "Pro Forma AMGP – Assuming Avg. Peer Yield",
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      "text": "Pro Forma AMGP – Assuming Standalone Yield",
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      "kind": "title",
      "text": "Dividend Discount Method – AMGP Buys AM (Cont'd)",
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