Energy Prospectus

FIRST QUARTER HIGHLIGHTS > Record quarterly production of 119,436 Boe per day (59% oil), increases of 4% from the fourth quarter of 2023 and 37% from the first quarter of 2023 < beat my forecast by 9,436 Boepd. > GAAP net income of $11.6 million, Adjusted Net Income of $130.5 million and Adjusted EB...

EOG closed at $130.05 on May 3 I have increased my valuation by $5 to $151 per share based on Q1 results that beat my forecast and the Company's updated valuation. EOG is the largest company in the Sweet 16. Despite its size, it is easy for me to forecast future results because the Company provides ...

EOG Resources Q1 results beat my forecast. First Quarter Highlights - Earned adjusted net income of $1.6 billion, or $2.82 per share > Adjusted operating cash flow of $2,928 million compares to my forecasted of $2,712 million - Generated $1.2 billion of free cash flow - Declared regular quarterly di...

On Saturday I finished reviewing the updated profiles for APA Corp. (APA) and Devon Energy (DVN). > You can view them directly from the EPG website. > They will be emailed to all EPG members on Monday. Today I will be updating the forecast/valuation models for EOG, NOG and SM The updated profile for...

Answer: High

All for our Canadian companies are going to get nice revenue boosts from the shrinking oil price differentials thanks to the TMX pipeline completion.

BTE closed on Friday at a 95% discount to my current valuation. Warren probably will go after a much larger company.

I have updated my forecast/valuation model for Devon Energy, one of the large-caps in our Sweet 16 Growth Portfolio. Devon's 2024 capital program is focused on increasing oil production and holding overall production relatively flat. Q1 2024 production exceeded the Company's guidance, so I'm now for...

Just remember that the balance sheets are based on GAAP accounting rules. Each company's assets are based on historical cost, not on the true value of their assets. GAAP accounting rules result in misleading balance sheets for a lot of the upstream companies. Civitas should generate over $1.3 billio...

During the two weeks that ended May 3, the Sweet 16 has lost 1.19% and is now up 12.52% YTD. During the last two weeks ended May 3, the S&P 500 index is up 3.63% and is now up 7.19% YTD. The oil price has pulled back below $80/bbl, but the average WTI price in Q2 so far is above the oil price us...

SBOW closed at $31.00 on May 3. I have increased my valuation by $4 to $63.00 per share. < TipRanks' current price target is $43.25/share. The three most recent analysts updates all rate it a BUY. SilverBow closed the Chesapeake South Texas Acquisition on 11/30/2023, so Q1 2024 is the first full qua...

FANG closed at $197.63 on May 2 Diamondback reported strong Q1 results that confirmed a lot of my forecast model assumptions. My valuation increases by $9 to $224/share. Since they released Q1 results on April 30th, seven analysts have updated their price targets on May 1&2 that were submitted t...