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  "documentTitle": "Evercore | Investment Banking Pitch Book | 82 slides",
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  "notes": "Includes COVID-19 impact annotations and specific management guidance on price differentials.",
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      "kind": "callout",
      "text": "Per SIRE management guidance, the appropriate differential vs. IHS is the 3-year average from 2018A to 2020A, which is ($26) for domestic sales and, assuming a 2020A export differential based only on realized direct export pricing, ($39) for exports",
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      "text": "Source: SIRE management, IHS. Note: SIRE netback pricing for domestic sales and exports is expressed as the gross realized price less the freight cost per metric ton sold...",
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