Energy Prospectus

Crescent Energy is a good addition.

If you think that WTI can go to $ 90/bbl, then Baytex is a great investment. If you think that WTI can go to $ 70/bbl than stay away. Summary Baytex has lowish reserves and a mediocre RRR. The balance sheet is a reasonable condition but needs some strengthening. Profits can soar with higher oil pric...

I believe that Henry Hub gas prices in the near future will go up. Stable gas prices If there was such a thing, stable long term Henry Hub gas prices would be around $ 3.50-4.50/MM Btu. However, I believe that stable gas prices do not exist. Gas prices will be either well above or well below the $ 3...

I noted that the shares of gas companies are amongst the best performing oil and gas stocks in 2024. I am no expert on the US gas market, but I decided to have a quick look at the “why” for this. 2024 performance of gas companies shares • Antero is topping the 2024 performance list with a whopping +...

Hemisphere – a Canadian small cap - will present pre-market on the 29th of May as the last of the lot its Q1 results. Production results were announced in April 2024. I expect no surprises in the rest. Production • Q1 production (3,145 BoE/d) was -7.1% below Q4 2023 (3,386 K BoE/d), due to the impac...

Cresent Energy and Silverbow have announced an intended merger. The merger is to be closed in late Q3 2024. For ease of the comparison below, I have used the full 2024 data for each company. Reserves • Combined 2023 proven reserves after the merger will be 994 M BoE. • Cresent contributes 548.2 M Bo...

More news: HOUSTON, May 16, 2024--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") and SilverBow Resources, Inc. (NYSE: SBOW) ("SilverBow"), today announced that they have entered into a definitive agreement pursuant to which Crescent ...

Thanks for sharing. If the offer of $ 2.1 B is inclusive the SBOW $ 1,173 B debt, then the offer equals (2,100-1,173)/25.445 = $ 36.40 per share. We will have to wait and see whether if the offer would be in cash, shares or a mixture. If the offer is cash then it seems reasonable. If the offer is in...

Geopark announced today the $ 190 M acquisition of a 45-50% working interest in four Blocks in the Vaca Muerta (Argentina) with production of 5.5-6.5 K BoE/d Acquisition details • The acquisition is assumed to close late Q3. The acquisition contains proven reserves of 25.0 M BoE plus an additional 2...

I never bother too much with analysts' estimates. Those I quote in my posts originate from Yahoo. Zacks estimates may very well be different. I do not like analysts' estimates, as I have no clue on (1) what oil/NGL, gas price they are based, (2) what is included and what not and (3) how up to date t...