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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 slide presents a 'Has/Gets' financial comparison, common in M&A advisory, showing valuation sensitivities across different discount rates and multiples/yields.",
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      "text": "Source: Management projections and FactSet as of 6/21/18. (1) Implied XR at 1.700x equity XR and cash consideration of $3.50 / unit. (2) Unlevered free cash flow defined as PF AMGP EBITDA less cash taxes and capital expenditures.",
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      "text": "For AM | Potential Counterproposal",
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