Search found 34780 matches
- Mon May 20, 2024 4:18 pm
- Forum: Sweet 16 Portfolio
- Topic: Sweet 16 Update - May 18
- Replies: 3
- Views: 276
Re: Sweet 16 Update - May 18
I'm not selling SBOW. TipRanks' price target is $16.25 for CRGY. When the deal closes, you will get 3.125 shares of CRGY for each SBOW share you own. 3.125 X $16.25 = $50.78 price target for SBOW CRGY also pays a nice dividend, so perfect holding for an IRA account. Post-closing CRGY will draw a lot...
- Mon May 20, 2024 4:09 pm
- Forum: Picks and tips from the EP community
- Topic: Vital Energy
- Replies: 1
- Views: 42
Re: Vital Energy
The only negative that I see is that they don't pay dividends.
> Strong production growth the last two quarters.
> Very good new well reports
> Rising ngas price should push Q2 results above my forecast. 97% of their oil is hedged, so
> Strong production growth the last two quarters.
> Very good new well reports
> Rising ngas price should push Q2 results above my forecast. 97% of their oil is hedged, so
- Sat May 18, 2024 6:50 pm
- Forum: The View from Houston
- Topic: May Newsletter
- Replies: 0
- Views: 82
May Newsletter
My plan is to publish my next newsletter on May 28, the day after Memorial Day. Prior to the newsletter I hope to publish all remaining Sweet 16 profile updates. > Vital Energy (VTLE) will be published on May 20th. > BTE, SM and TALO are ready for my final review. > In progress are EOG, OVV, PR and ...
- Sat May 18, 2024 6:16 pm
- Forum: The View from Houston
- Topic: Tornados in Houston Area - late on May 16
- Replies: 2
- Views: 110
Re: Tornados in Houston Area - late on May 16
Thanks. I am going to use some quotes from that article in my presentation at a conference in Dallas on Sunday. It is the Mick Law Energy & Global Alts Symposium, May 19-21. I will be speaking at the Marriott at Legacy Town Center in Plano at 3:00PM on Sunday. I will be available after 7:00 if a...
- Sat May 18, 2024 2:51 pm
- Forum: Sweet 16 Portfolio
- Topic: Sweet 16 Update - May 18
- Replies: 3
- Views: 276
Re: Sweet 16 Update - May 18
Vital Energy (VTLE) closed on Friday at $49.53, which is less that 50% of my updated valuation of $105/share. My valuation is just 3.25 X annualized operating CFPS. 4X this year's operating cash flow of $27.60 is $110.40. TipRanks' CFPS share forecasts are $28.58 for 2024 and $30.55 for 2025. < Trui...
- Sat May 18, 2024 2:04 pm
- Forum: Sweet 16 Portfolio
- Topic: Crescent Energy (CRGY + SBOW) Price Target raised to $17
- Replies: 1
- Views: 119
Re: Crescent Energy (CRGY + SBOW) Price Target raised to $17
After looking closely at Raymond James post-closing forecasts for Crescent Energy, it appears that RJ is being overly conservative on their production forecasts for Q4 an all of 2025. Per TipRanks Neal Dingmann at Truist Financial also rated CRGY a BUY on 5/17, but TipRanks does not show Neal's pric...
- Sat May 18, 2024 9:27 am
- Forum: Sweet 16 Portfolio
- Topic: Crescent Energy (CRGY + SBOW) Price Target raised to $17
- Replies: 1
- Views: 119
Crescent Energy (CRGY + SBOW) Price Target raised to $17
On May 17th Raymond James published their updated report on CRGY, which includes detailed analysis of the merger with SBOW. Conclusion: We view CRGY as undervalued compared to peers and reiterate our Strong Buy rating while increasing our target price to $17/share ($16/share previously). Send me an ...
- Fri May 17, 2024 6:42 pm
- Forum: Sweet 16 Portfolio
- Topic: Sweet 16 Update - May 18
- Replies: 3
- Views: 276
Sweet 16 Update - May 18
The Sweet 16 gained 0.75% during the week ending May 17. The portfolio is now up 12.46% YTD. The S&P 500 Index also had a good week, up 1.64% on hope that the Fed would actually lower interest rates this year. It is now up 10.81%. The rate of inflation may have declined, but there is no chance t...
- Fri May 17, 2024 5:54 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 17
- Replies: 0
- Views: 21
Oil & Gas Prices - May 17
Trading Economics: Oil WTI crude futures firmed above $79 per barrel on Friday with the JUN24 NYMEX futures contract closing at $80.00/bbl. > This week's gains, underpinned by recent declines in US crude oil inventories and growing optimism that the US Federal Reserve will cut interest rates this y...
- Fri May 17, 2024 12:55 pm
- Forum: Picks and tips from the EP community
- Topic: Antero Midstream (AM) Valuation Update - May 17
- Replies: 1
- Views: 65
Re: Antero Midstream (AM) Valuation Update - May 17
DENVER, May 15, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced that it has received an investment grade credit rating of BBB- from S&P Global Ratings ("S&P"). On May 15th, 2...