Search found 34760 matches

by dan_s
Thu May 16, 2024 8:46 am
Forum: Sweet 16 Portfolio
Topic: SilverBow will be merging into Crescent Energy (CRGY)
Replies: 1
Views: 54

Re: SilverBow will be merging into Crescent Energy

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...
by dan_s
Thu May 16, 2024 8:46 am
Forum: Sweet 16 Portfolio
Topic: SilverBow will be merging into Crescent Energy (CRGY)
Replies: 1
Views: 54

SilverBow will be merging into Crescent Energy (CRGY)

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...
by dan_s
Thu May 16, 2024 7:52 am
Forum: Sweet 16 Portfolio
Topic: Mgy with a secondary
Replies: 1
Views: 64

Re: Mgy with a secondary

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...
by dan_s
Wed May 15, 2024 1:55 pm
Forum: Picks and tips from the EP community
Topic: Sitio Royalties Corp. (STR) Valuation Update - May 15
Replies: 0
Views: 31

Sitio Royalties Corp. (STR) Valuation Update - May 15

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...
by dan_s
Wed May 15, 2024 1:02 pm
Forum: Picks and tips from the EP community
Topic: Journey Energy (JOY.CA and JRNGF) Update - May 15
Replies: 1
Views: 61

Journey Energy (JOY.CA and JRNGF) Update - May 15

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 ...
by dan_s
Wed May 15, 2024 11:41 am
Forum: Picks and tips from the EP community
Topic: Amex Exploration (AMX.V and AMXEF on the OTCQX)
Replies: 1
Views: 46

Re: Amex Exploration (AMX.V and AMXEF on the OTCQX)

Note below is from Aaron Stone, VP Exploration that made this morning's webinar presentation. Feel free to contact him directly if you have any questions. Just tell him you are an EPG member. ----------------- "One thing we try to reiterate with people that are looking to invest in gold project...
by dan_s
Wed May 15, 2024 11:18 am
Forum: The View from Houston
Topic: IEA monthly Oil Market Report - May 15
Replies: 0
Views: 56

IEA monthly Oil Market Report - May 15

Just remember that IEA is based in France and it has clearly been politized. Global oil demand is set to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report as weak deliveries, notably in Europe, shifted first-quarter OECD demand into contraction. The outlook for 2025 is co...
by dan_s
Wed May 15, 2024 11:02 am
Forum: Picks and tips from the EP community
Topic: Nouveau Monde Graphite Inc. (NMG) Update - May 15
Replies: 0
Views: 29

Nouveau Monde Graphite Inc. (NMG) Update - May 15

NMG Provides Quarterly Update, Presents Highlights from its 2023 ESG Report and Provides Notice of its Annual General Meeting of Shareholders On the heels of its multiyear offtake agreements and strategic investments with Anchor Customers Panasonic Energy and General Motors , Nouveau Monde Graphite ...
by dan_s
Wed May 15, 2024 10:52 am
Forum: Picks and tips from the EP community
Topic: Amex Exploration (AMX.V and AMXEF on the OTCQX)
Replies: 1
Views: 46

Amex Exploration (AMX.V and AMXEF on the OTCQX)

Amex Exploration hosted our webinar on May 15. Here are my notes: > Eldorado Gold Corporation (EGO), based in Vancouver, holds 9.9% of the AMEX equity. This is significant because EGO is a mining company with a market-cap over $3US Billion. Eldorado Gold Corporation, together with its subsidiaries, ...
by dan_s
Wed May 15, 2024 10:10 am
Forum: The View from Houston
Topic: EIA - Weekly Petroleum Report - May 15
Replies: 0
Views: 48

EIA - Weekly Petroleum Report - May 15

Summary of Weekly Petroleum Data for the week ending May 10, 2024 U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending May 10, 2024, which was 307 thousand barrels per day more than the previous week’s average. < Refineries are ramping up to meet summer transpo...