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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 122 slides",
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  "authorName": "Tudor Pickering Holt",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "Contains four distinct data tables comparing low and high range estimates for various financial metrics.",
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      "text": "Source: Bloomberg, Duff & Phelps, FactSet, Federal Reserve, Company filings as of 8/10/2018. (1) Illustrative low and high range reflects a -/+ 100 bps range around after tax current 5.6% cost of debt at AM. (2) Barra beta as of 3/23/2018. Illustrative low and high range reflects a -/+ 15% range around Barra beta. (3) 20-year treasury bond yield as of 6/21/18. (4) Duff & Phelps historical arithmetic premium. (5) Optimal Capital Structure based on Total Debt of 3.5x 2019E EBITDA",
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