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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 123 slides",
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  "authorName": "Tudor Pickering Holt",
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  "notes": "The chart displays three lines representing different yield scenarios (6.0%, 7.0%, 8.0%) over three years (2019E, 2020E, 2021E).",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Assumptions: Management projections, Valuation date 6/30/18, Future share price = FY1 annual distributions / yield, Discounted to 6/30/18 at 10% cost of equity",
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      "text": "AR Downside Volumes Case",
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      "text": "Source: Management projections and FactSet as of 6/21/18. Note: Valuation based on annual distributions.",
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