We recently took on the contract responsibility of consulting a mid-size ownership group of Energy XXI (EXXI) shareholders. As Energy XXI has become more and more stressed -- with the majority of its stress being put on its model over the last 12-15 months -- the story has become more and more interesting/binary. I'm really looking forward to watching the Energy XXI story develop and to stress-testing our own risk management roadmap.
We believe we have a comprehensive, multi-layered roadmap for evaluating Energy XXI's health and its viability. We express our beliefs and open our roadmap for public viewing in the slides below. We believe that we summarize the real-time narrative as of the most recent close and that we present both the current risk picture as well as a dynamic roadmap for tracking overall structural stress levels at the E&P. Energy XXI, over the last 12 months or so, has done an excellent job in making progress into what would have been our recommendations for destressing its model. The hope for those still long this name is that the E&P can continue to successfully destress. But can it?
We answer this question in the following screencast; enjoy.
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