Sameer Parasnis
Mr. Parasnis has over 20 years of financial experience, nearly 17 of which have been in banking. He has a wealth of experience advising companies in the oil and gas industry on equity capital markets, debt capital markets and strategic M&A, with a considerable focus on the Permian Basin. Prior to joining TPL, Mr. Parasnis served as a Managing Director of Stifel Financial Corporation’s oil and gas team in Houston and was instrumental in helping the firm develop its upstream investment banking advisory franchise.
My mind goes immediately to a buyout, although I suppose Mr. Parasnis could help with business development and other things important to a multibillion dollar trust.
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forgive my skepticism, but a ‘trust’ doesn’t need another executive with a multi-million dollar salary. When Maurice Meyers left as head trustee everything went to pot. Now we have a bunch of (in my opinion) clowns running around pretending they are adults. I am surprised they even disclosed this. I’m still waiting to officially hear about N677J and everything else they bought.
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Previous work at Credit Suisse included IPO’s and spin-offs. Great deal of experience in the Permian Basin and advising O&G companies…. my initial reaction is positive.
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Maybe we get the conversion and the spin all at the same time. Or we find out what the bids for the trust are. 25 billion séms like the right #
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I’ve been thinking conversion and spin, too.
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I think this news spells volumes…..seems there could be a spin in our future or other monetizing events. The press release shows he has relevant O & G experience, and has been advising the trust (obviously in a paid consultant capacity) since 2017.
TPL is no longer a sleepy cash the royalty checks business. This says it Texas loud.
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Everyone gets to be an officer and get paid $800k/year, plus bonuses of up to 300%? Can I buy Chief Coffee Run Officer? Bonuses for getting orders correct?
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