Energy Prospectus

In its closely-watched Monthly Oil Market Report (MOMR) out today, OPEC maintained its forecast from the April report, which sees global oil demand rising by 2.25 million barrels per day (bpd) this year and by another 1.85 million bpd next year. OPEC estimates that global oil demand rose by 2.4 mill...

Yesterday PR announced that some large shareholders are selling over 51 million shares. PR is not selling any shares.

Public companies are required to announce significant sales like this.

My guess is that the shares being sold are the C-Shares that the VCs got in the merger with Earthstone.

Solaris will be generating a lot of free cash flow this year. Capex spending is down 75% YOY to just $15 million. Based on my forecast, the Company should generate over $70 million of free cash flow this year. I expect them to step up their stock buybacks and raise their dividends, which are current...

Note from Stifel dated 5-9-2024 "Surge reported in-line Q1 results, and a strong 230 bbl/d IP rate from the first multi-lateral at Hope Valley since shooting 3D seismic and rejigging the mud system, which bodes well for future locations in the area. Another highlight was a 550 bbl/d IP30 rate F...

My updated forecast/valuation model has been posted to the EPG website. My valuation stays at $6.50US per share. < 4.5 X operating cash flow per share. The Company is free cash flow positive and it has lots of low-risk development drilling inventory in Oklahoma. Kolibri's production should be up abo...

FIRST QUARTER HIGHLIGHTS Average production for the first quarter of 2024 was 3,305 BOEPD, an increase of 3% compared to first quarter of 2023 average production of 3,194 BOEPD. The production increase is due to the additional production from the wells that were drilled and completed in 2023 < Beat ...

I was on a 45-minute call with Surge today. My updated valuation is $10.35US per share. < Trades on the OTC as ZPTAF at $5.08US today. Notes from the call: > 2023 was a solid year for Surge. They generated $2.75Cdn per share of operating cash flow and raised the dividend twice. > PV10 Net Asset Valu...

YE Old Oil Conundrum. The Energy Report 05/13/2024 by PHIL FLYNN on MAY 13, 2024 - 8:45 AM · in MARKET COMMENTARIES, PHIL FLYNN ENERGY REPORT If you wonder why U.S. consumer confidence is as bad as it is, just look at oil and gasoline. The price of oil is 8.7% higher than it was a year ago. The cost...

At the time of this post GRNT was trading at $6.20. Dividend yield is 7.1%. I have updated my forecast/valuation model for their Q1 results and updated guidance. My valuation increases by $0.10 to $9.00/share. My updated forecast has been posted to the EPG website. I'm gaining more confidence in my ...

Completion of the Trans Mountain Pipeline has caused oil price differentials to decline in Western Canada. Notes below are from Surge Energy (SGY.TO), one of the companies in our Small-Cap Growth Portfolio. "During Q1/24, Western Canadian oil producers were significantly impacted by wide crude ...