A critical part of almost any investment banking process is valuation. PPHB works primarily in the private side of the market, where companies have little, if any, trading of their securities and there are no analysts writing research coverage providing valuation guidance. In this environment, we spend a tremendous amount of time doing valuation work. We are also continuously gathering market information. In addition to the insight from our own transactions, we research and track other transactions in the energy service space. And because of our passion and interest in the sector, we immerse ourselves in industry data and market intelligence. With this foundation and experience, PPHB is well positioned to provide shareholders and boards with assistance in valuing their companies.