PVAC is now Ranger Oil Corp. (ROCC) - Oct 21

[dan_s]

Lonestar Resources (LONE) has merged into Penn Virginia (PVAC) and the company name was changed to Ranger Oil Corp. (ROCC).

ROCC is currently trading at less than $32.00. My valuation is $46.00 with upside to $60.00 if their 2022 guidance confirms my forecast of 42,500 Boepd.

Bloomberg -- Ranger Oil Corp. was upgraded to outperform from sector perform at RBC Capital based on the positive combined impact from its merger with Lonestar Resources and an increased commodity price outlook, analyst Scott Hanold said in a note.
* Ranger Oil has one of the highest margin barrels and highest
free cash flow yields in RBC’s coverage universe, Hanold said
** The recent merger accretively built scale and improves its
ability to enhance economics on adjoining acreage, he added
** PT raised to $44 from $28