Energy Prospectus

I have updated my forecast/valuation model for BSM. I am lowering my valuation by $0.50 to $17.00. > The MLP's Q1 results actually beat my forecast, but they reduced their quarterly dividend from $0.475/unit to $0.375/unit. > They lowered 2024 production guidance. > Good news is that the balance she...

Trading Economics: > WTI crude futures dropped below $78 per barrel on Tuesday, closing in on their lowest level in one month, as higher-than-expected US producer prices in April, led to concerns about prolonged higher interest rates by the Fed and potential impacts on oil demand. > Adding to woes, ...

In a state with a massive amount of clean burning natural gas, it is insane that we have invested so much money in unreliable windmills. All ERCOT needed to do was put a few more ngas fired power plants near the large cities. We are just in May and they are crying about electricity demand exceeding ...

No shares being sold by the Company, so no impact on the per share valuation.

In its closely-watched Monthly Oil Market Report (MOMR) out today, OPEC maintained its forecast from the April report, which sees global oil demand rising by 2.25 million barrels per day (bpd) this year and by another 1.85 million bpd next year. OPEC estimates that global oil demand rose by 2.4 mill...

Yesterday PR announced that some large shareholders are selling over 51 million shares. PR is not selling any shares.

Public companies are required to announce significant sales like this.

My guess is that the shares being sold are the C-Shares that the VCs got in the merger with Earthstone.

Solaris will be generating a lot of free cash flow this year. Capex spending is down 75% YOY to just $15 million. Based on my forecast, the Company should generate over $70 million of free cash flow this year. I expect them to step up their stock buybacks and raise their dividends, which are current...

Note from Stifel dated 5-9-2024 "Surge reported in-line Q1 results, and a strong 230 bbl/d IP rate from the first multi-lateral at Hope Valley since shooting 3D seismic and rejigging the mud system, which bodes well for future locations in the area. Another highlight was a 550 bbl/d IP30 rate F...

My updated forecast/valuation model has been posted to the EPG website. My valuation stays at $6.50US per share. < 4.5 X operating cash flow per share. The Company is free cash flow positive and it has lots of low-risk development drilling inventory in Oklahoma. Kolibri's production should be up abo...

FIRST QUARTER HIGHLIGHTS Average production for the first quarter of 2024 was 3,305 BOEPD, an increase of 3% compared to first quarter of 2023 average production of 3,194 BOEPD. The production increase is due to the additional production from the wells that were drilled and completed in 2023 < Beat ...