Growth

Growth requires capital and resource allocation. Opportune’s energy-focused finance and reporting expertise allows companies to leverage our best-practice experience without committing capital to full-time resources during the initial acquisition and startup phase of operations. Although these services may be brought in-house over time, using Opportune during the growth phase enables you to have a strategic on-call resource that is in tune with your investees’ operations.

Back-Office Outsourcing
When funding seed capital to a new management team, you are investing in their knowledge and experience in identifying and operating quality assets.

From the beginning, Opportune’s outsourcing services offer clients improved efficiency and profitability; a skilled, right-sized staff; reduced headcount and benefits obligations; predictable budgeting costs; lower costs for information technology; and the freedom to focus on strategic activities.

  • Currently serving more than 150 privately owned and publicly traded companies
  • SSAE 16 compliant
  • Clients have access to their data 24/7 through secured and dedicated connectivity

Acquisition Due Diligence
The professionals at Opportune have decades of deep experience with billions of dollars in public and private energy asset and corporate transactions, working together as one firm — assembling our seamless team of finance, tax, process and technology, and enterprise risk professionals to deliver value to the buyer. Since 2005, Opportune has employed a structured work plan focused on monetizing transaction savings, assessing acquisition risks, and securing effective integration of financial and operational responsibilities.

Buy-side financial due diligence services include, but are not limited to, the following:

Cash-flow analysis verification

  • Compare historical results to acquisition models
  • Identify cash flow discrepancies
  • Test compliance with contractual agreements
  • Evaluate current expense run-rates
  • Distinguish recurring from nonrecurring expenses

Operational/financial concerns

  • Document understanding of risks to be assumed
  • Review all critical contracts to be assigned
  • Determine exposure to pre-effective date claims

Transaction integration

  • Identify all state and federal tax reporting matters
  • Document interviews with Seller’s employees
  • Document monthly processes and procedures
  • Secure electronic files for processing of obligations

Complex Financial Reporting and Tax Advisory
Opportune employs an engagement team approach combining extensive Big 4 and industry experience to research and document solutions to complex reporting and tax issues. We are poised to be advocates for our clients in drafting and presenting positions to internal management, external auditors, the SEC and the IRS.

Complex Financial Reporting services include:

  • Derivatives and hedging activities
  • Purchase price allocations
  • Entity valuations and profit unit waterfalls
  • Equity method, consolidated & non-controlling investments
  • Structured contracts and transactions
  • Share-based compensation
  • Exploration and production activities
  • Asset retirement obligations
  • Regulated operations

Tax Advisory services include:

  • Transaction support services addressing income and indirect taxes
  • Pre-transaction acquisition analysis of legal structures
  • Tax attribute review and analysis
  • Compliance requirements, including short-period or final returns
  • Financial reporting of income tax events
  • Indirect tax considerations, including sales, use, transfer, severance, excise and motor fuels
  • Tax system evaluation and integration

Tax Structuring
New organizations often require structuring to minimize the tax burden on the seller and future investors. Our tax practice is led by a former Big 4 tax partner and industry executives who work with outside legal counsel to set up optimal legal structures for a new public entity to:

  • Consider the effects of compensation arrangements, state income and franchise taxation and future acquisition patterns
  • Consider possible short-period tax filings of related entities, including the effect and timeliness of new elections
  • Communicate with existing owners regarding tax consequences of exchanging assets for MLP units
  • Determine the amount, timing and character (ordinary income recapture) of future tax gains
  • Put in place needed intercompany agreements (employment, support, state tax sharing, etc.)