Search found 34236 matches

by dan_s
Wed Feb 21, 2024 3:56 pm
Forum: The View from Houston
Topic: ALERT ALERT CHK makes an announcemnt
Replies: 3
Views: 136

Re: ALERT ALERT CHK makes an announcemnt

U.S. natural gas prices have a history of becoming oversold and then making a sharp reversal when you least expect it. Today is a classic short covering rally, a gift from the "Paper Traders".
by dan_s
Wed Feb 21, 2024 3:39 pm
Forum: Sweet 16 Portfolio
Topic: Matador Resources (MTDR) Valuation Update - Feb 21
Replies: 0
Views: 28

Matador Resources (MTDR) Valuation Update - Feb 21

I have updated my forecast/valuation model for MTDR. It will be posted to the EPG website later today. At the time of this post MTDR is trading for $60.78. My current valuation increases by $1 to $83/share , but my valuation multiple is a conservative 4.5 X annualized operating CFPS. I say "con...
by dan_s
Wed Feb 21, 2024 11:57 am
Forum: Picks and tips from the EP community
Topic: Viper Energy (VNOM) Valuation Update - Feb 21
Replies: 0
Views: 36

Viper Energy (VNOM) Valuation Update - Feb 21

My updated valuation of VNOM is now $41/share. I will be interviewed on a monthly investment show called the Kereport today. I am going to highlight FANG and VNOM. Here are the notes that I will be speaking from today. Viper Energy (VNOM) is a publicly traded C-Corp. that was created by Diamondback ...
by dan_s
Wed Feb 21, 2024 11:40 am
Forum: Sweet 16 Portfolio
Topic: Matador Resources (MTDR) Q4 Results - Feb 21
Replies: 1
Views: 56

Matador Resources (MTDR) Q4 Results - Feb 21

Fourth Quarter 2023 Operational and Financial Highlights Record quarterly average production of 154,300 BOE per day (88,700 barrels of oil per day) < Beat my forecast of 145,500 by a wide margin. Matador completes wells in "bunches", so it often has spikes in production. Plus, they like to...
by dan_s
Wed Feb 21, 2024 11:13 am
Forum: Picks and tips from the EP community
Topic: Source Rock Royalties Ltd. (SRR.V)
Replies: 8
Views: 171

Re: Source Rock Royalties Ltd. (SRR.V)

SOURCE ROCK ROYALTIES RECOGNIZED AS A TOP 50 TSX VENTURE EXCHANGE COMPANY

https://www.newswire.ca/news-releases/source-rock-royalties-recognized-as-a-top-50-tsx-venture-exchange-company-837164314.html

The Company's CEO will join me on a webinar late in April or early May.
by dan_s
Wed Feb 21, 2024 9:41 am
Forum: Picks and tips from the EP community
Topic: Viper Energy (VNOM) Q4 Results - Feb 21
Replies: 0
Views: 43

Viper Energy (VNOM) Q4 Results - Feb 21

FOURTH QUARTER HIGHLIGHTS Q4 2023 average production of 24,533 bo/d (43,783 boe/d) < Beat my forecast of 43,750 Boepd) Received $2.4 million in lease bonus income Q4 2023 consolidated net income (including non-controlling interest) of $125.9 million < Beat my forecast of $100 million net income bec...
by dan_s
Wed Feb 21, 2024 9:25 am
Forum: Sweet 16 Portfolio
Topic: Diamondback Energy (FANG) Valuation Update - Feb 21
Replies: 0
Views: 51

Diamondback Energy (FANG) Valuation Update - Feb 21

My updated forecast/valuation model for FANG will be posted to the EPG website this morning. My current valuation is $200/share. There is significant upside potential for FANG once the merger with Endeavor closes in Q4 2024. I am working on Viper Energy (VNOM) this morning. I will get to Matador Res...
by dan_s
Wed Feb 21, 2024 9:09 am
Forum: The View from Houston
Topic: ALERT ALERT CHK makes an announcemnt
Replies: 3
Views: 136

Re: ALERT ALERT CHK makes an announcemnt

Trading Economics: "US natural gas futures rose as much as 9% to $1.75/MMBtu on Wednesday morning, on expectations producers would reduce output in 2024 after prices plunged to a 3-1/2-year low. Antero Resources and Comstock Resources , both significant gas producers, announced plans to reduce ...
by dan_s
Wed Feb 21, 2024 8:49 am
Forum: The View from Houston
Topic: Oil: Natural Decline
Replies: 1
Views: 66

Re: Oil: Natural Decline

Global oil demand rose by more than 500,000 barrels per day (bpd) in December from November, for the eighth monthly record in 2023 , the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Rising demand in Asia more than offset declines in the United States and Europe i...
by dan_s
Wed Feb 21, 2024 8:45 am
Forum: The View from Houston
Topic: Oil: Natural Decline
Replies: 1
Views: 66

Oil: Natural Decline

Global oil supply is sufficient now, but natural declines at oilfields mean that the world would need to find a Saudi Arabia every two years to offset these production drops, Saudi Aramco’s chief financial officer Ziad Al-Murshed has said. Due to the natural decline in operating fields, as many as 6...