Energy Prospectus

I have updated my forecast/valuation model for Devon Energy, one of the large-caps in our Sweet 16 Growth Portfolio. Devon's 2024 capital program is focused on increasing oil production and holding overall production relatively flat. Q1 2024 production exceeded the Company's guidance, so I'm now for...

Just remember that the balance sheets are based on GAAP accounting rules. Each company's assets are based on historical cost, not on the true value of their assets. GAAP accounting rules result in misleading balance sheets for a lot of the upstream companies. Civitas should generate over $1.3 billio...

During the two weeks that ended May 3, the Sweet 16 has lost 1.19% and is now up 12.52% YTD. During the last two weeks ended May 3, the S&P 500 index is up 3.63% and is now up 7.19% YTD. The oil price has pulled back below $80/bbl, but the average WTI price in Q2 so far is above the oil price us...

SBOW closed at $31.00 on May 3. I have increased my valuation by $4 to $63.00 per share. < TipRanks' current price target is $43.25/share. The three most recent analysts updates all rate it a BUY. SilverBow closed the Chesapeake South Texas Acquisition on 11/30/2023, so Q1 2024 is the first full qua...

FANG closed at $197.63 on May 2 Diamondback reported strong Q1 results that confirmed a lot of my forecast model assumptions. My valuation increases by $9 to $224/share. Since they released Q1 results on April 30th, seven analysts have updated their price targets on May 1&2 that were submitted t...

Civitas Resources, Inc. Announces Share Repurchase from Vitol May 2, 2024 Download (opens in new window) DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 1.04 million share...

Finally got back home at 5PM on May 2. Weather related delays and a small fire inside Hoppy airport (no big deal) caused in Florida and at Hobby in Houston. Lightning at Hobby caused more than 2 hour delay in getting checked bags. On Friday (May 3rd) I have a "medical procedure" that needs...

Re: Unexpected crude oil inventory build report by EIA on Wednesday morning. "This crude build was not only surprising because a draw was expected, but also because of its large size. Prices declined by an additional 2% on the news. It looks like current inventories are following that of 2019 a...

Bad weather has caused our flight to arrive an hour late. If I don't get to Silverbow's forecast today, I will update it tomorrow.

We have 2 live webinars scheduled in May. The first one is set for May 13. You can register on the EPG website. I will be talking to the CEO of a gold mining company.