A "Headlines"-focused Investor Presentation constructed specifically for Energy Complex equity investors. This deck uses third-party headlines to example how institutions use an architectural and design advantage to effectively take control of public companies prior to wiping out retail investors in a restructuring.

1. ATLAS CONSULTING
SETUP TO FAIL:
HOW INSTITUTIONS USE AN ARCHITECTURAL AND DESIGN ADVANTAGE TO WIPEOUT RETAIL INVESTORS
PRESENTED BY ATLAS CONSULTING

2. ATLAS CONSULTING
IN OIL & GAS, DEBT IS JUST A PART OF THE GAME
CONCEPT:

3. ATLAS CONSULTING 3
SOURCE: THE WALL STREET JOURNAL
SOURCE: OILPRICE.COM
SOURCE: BLOOMBERG

4. ATLAS CONSULTING 4
SOURCE: BLOOMBERG

5. ATLAS CONSULTING 5
BUT GIVEN THE RISKS, WHY DO INVESTORS
CONTINUE TO LEND TO OIL & GAS
ENTERPRISES?
QUESTION:

6. ATLAS CONSULTING 6
THE CAPITAL STRUCTURE
ANSWER:

7. THE CAPITAL STRUCTURE ESTABLISHES A
RECOVERY VALUE “ORDER”, SHOULD THERE BE
A CATASTROPHE
ATLAS CONSULTING
CONCEPT:

8. ATLAS CONSULTING 8
OFTEN, THIS “CATASTROPHE” IS CALLED A
BANKRUPTCY OR A RESTRUCTURING EVENT

9. SOURCE: STAR-TELEGRAM.COM
9

10. THIS RECOVERY VALUE “ORDER” BECOMES THE
FOUNDATION FOR ANY AND ALL DECISION
MAKING BY PARTIES INVESTED IN THE
ENTERPRISE
ATLAS CONSULTING
CONCEPT:

11. THE DECISION MAKING PROCESSES [AND
EXECUTION] AT THE ENTERPRISE BECOME
DIRECTLY CORRELATED WITH INVESTOR
VIABILITY, GIVEN THE STRATEGIC
INTERDEPENDENCE OF THE CAPITAL
STRUCTURE
ATLAS CONSULTING 11

12. ATLAS CONSULTING 12
AS OIL & GAS FIRMS BECOME MORE
INDEBTED, THE CAPITAL STRUCTURE ORDER
BECOMES MORE AND MORE IMPORTANT

13. ATLAS CONSULTING 13
UNFORTUNATELY, IT ALSO BECOMES MORE
AND MORE COMPLEX

14. ATLAS CONSULTING 14
SOURCE: BLOOMBERG

15. ATLAS CONSULTING 15
SOURCE: BLOOMBERG

16. ATLAS CONSULTING 16
THIS COMPLEXITY RESTRICTS PARTICIPATION
IN THE UPPER LEVELS OF THE CAPITAL
STRUCTURE TO INSTITUTIONS AND
WEALTHY INDIVIDUALS

17. ATLAS CONSULTING 17
…WHICH MEANS RETAIL INVESTORS DON’T
GET ACCESS TO THE PARTS OF THE CAPITAL
STRUCTURE WITH “RECOVERY VALUE” IN A
CATASTROPHIC EVENT

18. SOURCE: SEC FILINGS
18

19. IN OIL & GAS, BANKRUPTCY IS JUST A PART OF
THE GAME
ATLAS CONSULTING
CONCEPT:

20. ATLAS CONSULTING 20
SOURCE: BLOOMBERG

21. ATLAS CONSULTING 21
BANKRUPTCY IS AN EFFICIENT PATHWAY FOR
TAKING OWNERSHIP OF ASSETS…

22. ATLAS CONSULTING 22
…FOR THOSE WITH ACCESS TO THE CAPITAL
STRUCTURE VEHICLES WITH RECOVERY
VALUE

23. ATLAS CONSULTING 23
REMEMBER, PARTICIPATION IN THE UPPER
LEVELS OF THE CAPITAL STRUCTURE IS
RESTRICTED TO INSTITUTIONS AND
WEALTHY INDIVIDUALS

24. ATLAS CONSULTING 24
RETAIL INVESTORS, OR JUNIOR
SHAREHOLDERS, ARE EXCLUDED

25. ATLAS CONSULTING 25
IN THE LAST 25 YEARS, THERE HASN’T BEEN A
SINGLE MEANINGFUL JUNIOR SHAREHOLDER
VICTORY

26. ATLAS CONSULTING 26
DESPITE MEANINGFUL EFFORTS

27. SOURCE: THE NEW YORK TIMES
SOURCE: NATURAL GAS INTELLIGENCE
SOURCE: REUTERS
ATLAS CONSULTING 27

28. SOURCE: UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
[HOUSTON DIVISION]
ATLAS CONSULTING 28

29. ATLAS CONSULTING 29
WHICH HAS BEEN CATASTROPHIC TO JUNIOR
CAP STRUCTURE MEMBERS

30. CAP STRUCTURE ARCHITECTURE AND DESIGN
INHERENTLY DISADVANTAGES RETAIL INVESTORS
ATLAS CONSULTING
CONCEPT:

31. ATLAS CONSULTING 31
SOURCE: LAW360

32. ATLAS CONSULTING 32
SOURCE: BLOOMBERG

33. ATLAS CONSULTING 33
SOURCE: LAW360

34. ATLAS CONSULTING 34
SOURCE: BLOOMBERG

35. ATLAS CONSULTING 35
ATLAS CONSULTING CAN HELP BALANCE THE
INHERENT DISADVANTAGES IN OIL & GAS
INVESTING

36. ATLAS CONSULTING 36
USING A SUBSCRIPTION-BASED DELIVERY
PLATFORM, ATLAS CONSULTING CAN HELP
YOU TAKE A DATA-FIRST APPROACH TO
CAPITAL STRUCTURE DEFENSIVE INVESTING

37. ATLAS CONSULTING 37
OIL & GAS EXPOSURE CAN BE INCREDIBLY
LUCRATIVE AND DOESN’T HAVE TO BE
DANGEROUS OR DISADVANTAGED

38. ATLAS CONSULTING 38
DEVELOP A METHODOLOGY, BE DATA-FIRST,
AND PARTICIPATE IN ACTIVE STRESSED-DEBT
AND STRESSED-EQUITY CAMPAIGNS WITH
ATLAS CONSULTING

39. THANK YOU
ATLAS CONSULTING
Atlas Consulting is an energy-focused risk-management and consulting firm
that specializes in cap structure management and arbitrage. Atlas Consulting
specializes in private company lifecycle management, up to and including
taking companies public, and in helping consult publicly traded companies
ranging in market cap from $100 million to $500 million. This includes helping
with overall strategy, helping with capital structure management, helping
facilitate liquidity, helping facilitate Joint Ventures and broader M&A, and
helping restructure business segments if necessary. Atlas Consulting has a
specialization in deal flow management and is often the referring and closing
source of Joint Ventures and broader M&A.
website: atlasconsulting.ventures
email: sales@atlasconsulting.ventures