This page has been created for the GCIF Questionnaire

Selected financial published articles are listed below:

oil and gas deal and fund analysis.jpg

A fully quantitative analysis comparing deal size, EBITDA multiples, deal quantity, and a study of remaining dry powder over time between Oil & Gas funds, and non-energy related funds.

Originally prepared for the Federal Reserve's Round-table on Energy (postponed due to Hurricane Harvey). 

Winners Curse of Purchasing Anadarko.png

A quantitative analysis on the purchase of Anadarko by Occidental Petroleum.

Published by the Houston Business Journal

Article excerpt:

A deal at any price is not a deal worth pursuing. Occidental Petroleum (NYSE: OXY) and Anadarko Petroleum Corp. (NYSE: APC) have vastly different trend lines, and an overly leveraged purchase will pull Oxy in the wrong direction.

Previous to the announced deal, Anadarko stock hovered near its multiyear lows largely due to its five year $30 billion capital expenditure, resulting in 50 percent less proven reserves. During this same time period, Oxy spent $25 billion with a 50 percent production increase and a dividend payout six times larger than Anadarko.

American Business Wants Out of Healthcar

This article briefly reviews the history of employment-tied insurance and the impending changes of the Health Reimbursement Act to take effect in January 2020 (Executive Order 13813)

Published in the Houston Courant

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