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Revenue Risk of US Tight-Oil Firms
American U.S. crude oil prices have dropped significantly of late down to a low of less than $30 a barrel in early 2016. At the same time price volatility has increased and crude in storage has reached record amounts in ...
Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case
Transmission investments are currently needed to meet an increasing electricity demand, to address security of supply concerns, and to reach carbon-emissions targets. A key issue when assessing the benefits from an expanded ...
Valuation of Real Options in Crude Oil Production
Oil producers are going through a hard period. They have a number of real options at their disposal. This paper addresses the valuation of two of them: the option to delay investment and the option to abandon a producing ...