SilverBow Resources (SBOW) Update - Oct 28

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

SilverBow Resources (SBOW) Update - Oct 28

Post by dan_s »

I have updated my forecast/valuation model for SBOW and I am increasing my current valuation by $14 to $64.

The company only has 13.5 million shares outstanding, so by increasing the oil & gas price assumptions to $80/bbl and $4.25/mcf for 2022 it has a big impact on the share price. SBOW is a "gasser" with ~85% of their production natural gas and NGLs.
Dan Steffens
Energy Prospectus Group
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