Energy Prospectus

If you think that WTI can go to $ 90/bbl, then Baytex is a great investment. If you think that WTI can go to $ 70/bbl than stay away. Summary Baytex has lowish reserves and a mediocre RRR. The balance sheet is a reasonable condition but needs some strengthening. Profits can soar with higher oil pric...

I believe that Henry Hub gas prices in the near future will go up. Stable gas prices If there was such a thing, stable long term Henry Hub gas prices would be around $ 3.50-4.50/MM Btu. However, I believe that stable gas prices do not exist. Gas prices will be either well above or well below the $ 3...

I noted that the shares of gas companies are amongst the best performing oil and gas stocks in 2024. I am no expert on the US gas market, but I decided to have a quick look at the “why” for this. 2024 performance of gas companies shares • Antero is topping the 2024 performance list with a whopping +...

Hemisphere – a Canadian small cap - will present pre-market on the 29th of May as the last of the lot its Q1 results. Production results were announced in April 2024. I expect no surprises in the rest. Production • Q1 production (3,145 BoE/d) was -7.1% below Q4 2023 (3,386 K BoE/d), due to the impac...

Cresent Energy and Silverbow have announced an intended merger. The merger is to be closed in late Q3 2024. For ease of the comparison below, I have used the full 2024 data for each company. Reserves • Combined 2023 proven reserves after the merger will be 994 M BoE. • Cresent contributes 548.2 M Bo...

More news: HOUSTON, May 16, 2024--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") and SilverBow Resources, Inc. (NYSE: SBOW) ("SilverBow"), today announced that they have entered into a definitive agreement pursuant to which Crescent ...

Thanks for sharing. If the offer of $ 2.1 B is inclusive the SBOW $ 1,173 B debt, then the offer equals (2,100-1,173)/25.445 = $ 36.40 per share. We will have to wait and see whether if the offer would be in cash, shares or a mixture. If the offer is cash then it seems reasonable. If the offer is in...

Geopark announced today the $ 190 M acquisition of a 45-50% working interest in four Blocks in the Vaca Muerta (Argentina) with production of 5.5-6.5 K BoE/d Acquisition details • The acquisition is assumed to close late Q3. The acquisition contains proven reserves of 25.0 M BoE plus an additional 2...

I never bother too much with analysts' estimates. Those I quote in my posts originate from Yahoo. Zacks estimates may very well be different. I do not like analysts' estimates, as I have no clue on (1) what oil/NGL, gas price they are based, (2) what is included and what not and (3) how up to date t...

Chord and Enerplus reported rather different Q1 results. Chord production was in line with the outlook, Enerplus well below expectation. The balance sheets and the profitability of both are in good shape and shareholder returns are adequate. The merger of Chord/Enerplus should be completed in Late M...