Energy Prospectus

Crk need 3.50 to break even (fcf wise)

CRGY down 6 % pre market sbow up 9 % so the market. Pre market prices implies a $36 value and you wait 4 months. Acquirers get slammed issuing stock like monopoly money , see Vtle 62 to 48 hasn't recovered in last 6 months Mentioned on call poison pill remains in place so they placed hurdles for com...

Slide deck of deal

https://irpages2.eqs.com/download/companies/270166a/Presentations/Crescent%20Energy%20to%20Acquire%20SilverBow%20Resources_vFF.pdf

webcast at 830 am est

https://www.webcast-eqs.com/register/crescentenergy20240516/en

Option for cash max 400 m, so stock 1.7/2.1 ( Equity 80% cash 20 %)

sbow up 3 in pre market and crgy down 2 %

Arbs will sell CRGY

I wonder if action this will spill over to other names

Press Release

https://s23.q4cdn.com/985396181/files/doc_downloads/2024/05/SBOW-CRGY-Press-Release.pdf

Good points. My numbers assumed all cash. CRGY would fall with shares and it might not be much more than 34-35 No where near Dan's TP of $ 63 :| 1,173 was YE 12/31 debt is 1,096 at end of March, 2024. (79 less debt means 3 more for equity) Slide 25 says debt is about 1,096 https://s23.q4cdn.com/9853...

An ev of 2.1 b implies 39 takeout price
2.0 billion = $35

This year ebitda was about 200 m

Insiders get paid for options

39 not bad if that’s what the deal is for

CRGY would fall in short term.

I like these guys. They are building a power plant and they will use their ng to power it

Scorpio Tankers webinar. STNG. Good opportunity to get up to speed Bugbee is the CEO that bought a ton of call options on his stock,. By my calculations , he is up 70 % on the trade When 11:00 AM - 12:00 PM. May 20 https://us06web.zoom.us/w/84923835578?tk=l86lTw-t_JJhZXehd07O9Z2aN2nX8lQcAGeYA-BcqV8....

A good portion of Canadian OIL on the TMX will be exported to China. I was listening to DHT tankers earnings call and they mentioned that they expect a good portion to be exported to China due to China owning 25 % of the pipeline. So , Demented Biden, shuts down a mostly completed pipeline Keystone ...

https://www.baytexenergy.com/content/uploads/2024/05/2024-05-09-Baytex-Announces-First-Quarter-2024-Results.pdf Reported cash flows from operating activities of $384 million ($0.47 per basic share) in Q1/2024. • Increased adjusted funds flow(1) per share by 21% to $424 million ($0.52 per basic share...