Energy Prospectus

KKR's involvement is significant and important; they hold 15% of the CRGY stock. There are "Heavy Hitters" involved in Crescent Energy. > There were lots of highly respected energy sector analysts on this morning's conference call. > With over 250,000 Boepd of current production and lots o...

At the time of this post IPOOF was trading for $1.66US. < Just over 2X CFPS, which is super cheap. The share price is below PV10 NAV of just their proved reserves. My valuation increases by $0.45US to $4.15US per share ($5.60Cdn). First Call's price target is $4.01Cdn per share, which is approximate...

InPlay's Q1 production was below my forecast of 9,000 Boepd just because of their well completion schedule as discussed below. The Company's Adjusted Operating Cash flow came in above my forecast because of lower royalty expense, operating expenses and transportation expenses. Several high rate well...

Working gas in storage was 2,633 Bcf as of Friday, May 10, 2024, according to EIA estimates. This represents a net increase of 70 Bcf from the previous week. < Increase is 19 Bcf below the 5-year average build for this week. Stocks were 421 Bcf higher than last year at this time and 620 Bcf above th...

1st Quarter Production ------------------------- CRGY + SBOW = Combined Crude Oil >>>>>>> 70,363 + 24,538 = 94,901 bpd Natural Gas >>>>> 403,341 + 297,725 = 701,066 mcfpd NGLs >>>>>>>>>> 28,220 + 17,198 = 45,418 bpd Total Boepd >>>> 165,806 + 91,357 = 257,163 Boepd < 36.9% oil, 45.4% ngas and 17.7% ...

Crescent CEO David Rockecharlie said, "The combination with SilverBow, which is expected to be immediately accretive to all key per share metrics, solidifies Crescent as a leading operator in the Eagle Ford and strengthens the company’s growth platform with increased scale. The SilverBow team h...

This is stock-for-stock merger, similar to Earthstone's merger into Permian Resources. Size matters in this business, so 1+1 = 2.5 Under the terms of the agreement, SilverBow shareholders who elect to receive stock will receive 3.125 shares of Crescent Class A common stock for each share of SilverBo...

This will reduce MGY's outstanding shares. HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced that certain affiliates of EnerVest, Ltd. (the “Selling Stockholders”) agreed to sell 12,000,000 shares of the Company’s Class A common...

At the time of this post STR was trading for $23.63. My valuation increases by $1.50 to $33.50 per share based on 6X annualized operating cash flow per share. > Based on my forecast, dividends should total $1.90 per share this year for yield of 8.04% using today's share price. > In addition to solid...

Journey Energy is a Canadian Junior that has been on my Watch List for awhile. This morning HFI Research sent out a report on JOY, concluding that the stock is oversold. Due to cost overruns on some power projects last year, the Company did get into a bit of a financial bind, but those issues have ...