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From:
Mercer Capital
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Upstream Valuation Through a Lender’s Lens
https://mercercapital.com/upstream-valuation-through-a-lenders-lens/
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energy valuation insights
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Equity markets reward growth, but lenders value discipline. Viewing upstream performance through a credit analyst’s lens reveals how scale, costs, reserves, and prudent leverage drive both credit strength and enterprise value.
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