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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 77 slides",
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  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "The slide presents four distinct financial calculation tables comparing low and high range estimates.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: Bloomberg, Duff & Phelps, FactSet, Federal Reserve, Company filings as of 10/3/2018. (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 9/21/18. (4) Duff & Phelps historical arithmetic premium. (5) Optimal Capital Structure based on Total Debt of 3.5x 2019E EBITDA",
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      "text": "Cost of Capital PF Capital Structure",
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      "kind": "title",
      "text": "PF AMGP Peer Group WACC Analysis (cont.)",
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