Search found 34256 matches

by dan_s
Fri Feb 23, 2024 9:22 am
Forum: Sweet 16 Portfolio
Topic: EOG Resources (EOG) Q4 Results - Feb 22
Replies: 1
Views: 46

Re: EOG Resources (EOG) Q4 Results - Feb 22

From Ezra Yacob, Chairman and Chief Executive Officer What I've highlighted below is why I call EOG a "Core of the Core" stock for any portfolio. It generates 8% to 10% annual production growth and it pays outstanding dividends. “EOG continues to deliver on its value proposition as demonst...
by dan_s
Fri Feb 23, 2024 9:16 am
Forum: Picks and tips from the EP community
Topic: HFI Research Top Pick: Hemisphere Energy (HMENF)
Replies: 1
Views: 3

Re: HFI Research Top Pick: Hemisphere Energy (HMENF)

From the HFI report: "Over the past few months, the company spent $1.5 million leasing new undeveloped land in Saskatchewan. This acreage is separate from the acreage figures cited above. Management believes the land has significant oil in place and that HME’s polymer flood techniques could rec...
by dan_s
Fri Feb 23, 2024 9:07 am
Forum: Picks and tips from the EP community
Topic: HFI Research Top Pick: Hemisphere Energy (HMENF)
Replies: 1
Views: 3

HFI Research Top Pick: Hemisphere Energy (HMENF)

Note from HFI received this morning By: Jon Costello Note: Dollar references in this article are to Canadian dollars unless specified otherwise. Hemisphere Energy (HME:CA) is a small gem among Canadian E&P. As one of the few remaining junior Canadian oil producers, it generates unusually high ca...
by dan_s
Thu Feb 22, 2024 7:09 pm
Forum: The View from Houston
Topic: APA Results
Replies: 2
Views: 50

Re: APA Results

It is on my To Do List for Friday.
by dan_s
Thu Feb 22, 2024 7:08 pm
Forum: Sweet 16 Portfolio
Topic: EOG Resources (EOG) Q4 Results - Feb 22
Replies: 1
Views: 46

EOG Resources (EOG) Q4 Results - Feb 22

Fourth Quarter Highlights - Earned adjusted net income of $1.8 billion, or $3.07 per share < Beat my forecast of $1.699 billion net income . - Generated $1.5 billion of free cash flow - Declared regular quarterly dividend of $0.91 per share and repurchased $300 million of shares - Volumes and per-un...
by dan_s
Thu Feb 22, 2024 7:03 pm
Forum: Sweet 16 Portfolio
Topic: Northern Oil & Gas (NOG) Q4 Results - Feb 22
Replies: 0
Views: 33

Northern Oil & Gas (NOG) Q4 Results - Feb 22

FOURTH QUARTER HIGHLIGHTS Production of 114,363 Boe per day (60.2% oil), a 45% increase from the fourth quarter of the prior year < Just below my forecast of 114,400 Boepd. GAAP cash flow from operations of $342.4 million. Excluding changes in net working capital, cash flow from operations was $365....
by dan_s
Thu Feb 22, 2024 6:59 pm
Forum: Sweet 16 Portfolio
Topic: Range Resources (RRC) Valuation Update - Feb 22
Replies: 2
Views: 53

Re: Range Resources (RRC) Valuation Update - Feb 22

Download my forecast model and you will see how RRC's hedges impact realized gas prices. Their hedges and rising NGL prices are why RRC will be free cash flow positive in 2024. There is still a lot of upside for RRC, but it is going to take several more months for gas market to rebalance.
by dan_s
Thu Feb 22, 2024 3:55 pm
Forum: The View from Houston
Topic: EIA Natural Gas Storage Report - Feb 22
Replies: 2
Views: 94

Re: EIA Natural Gas Storage Report - Feb 22

Market forces will work this out, but it will take a few months.

You are 100% correct that the gassers should not be completing high decline rate horizontal gas wells with HH ngas under $2.00. The BOD of these companies should be putting pressure on management to do so.
by dan_s
Thu Feb 22, 2024 3:32 pm
Forum: Sweet 16 Portfolio
Topic: Vital Energy (VTLE) Valuation Update - Feb 22
Replies: 0
Views: 66

Vital Energy (VTLE) Valuation Update - Feb 22

At the time of this post VTLE was trading at $47.66, which is less than 2X my 2024 operating cash flow per share forecast of $27.26 (based on the fully diluted share count). TipRanks 2024 forecasts are slightly higher than my 2024. TipRanks CFPS forecasts are $29.69 for 2024 and $30.60 for 2025. My ...
by dan_s
Thu Feb 22, 2024 1:52 pm
Forum: Sweet 16 Portfolio
Topic: Devon Energy (DVN) Update - Feb 22
Replies: 1
Views: 71

Devon Energy (DVN) Update - Feb 22

(Bloomberg) -- Chord Energy Corp. agreed to buy Enerplus Corp. for $3.7 billion in stock and cash, continuing a flurry of oil and gas dealmaking and creating a leading producer in the Bakken shale formation of the northern US plains. On Feb 8 it was expected that Devon Energy would buy ERF. So, what...