SilverBow Resources (SBOW) Update - Oct 28
Posted: Thu Oct 28, 2021 1:52 pm
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.
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.