Energy Prospectus

Working gas in storage was 2,563 Bcf as of Friday, May 3, 2024, according to EIA estimates. This represents a net increase of 79 Bcf from the previous week. < 10 Bcf lower than 5-year average build for this week. Stocks were 444 Bcf higher than last year at this time and 640 Bcf above the five-year ...

This is why I believe that WTI will ramp up to $85/bbl in Q3. "Refinery utilization remains relatively low while exports can add another 400 kb/d with the right price differentials. We expect inventories to decline from the current 459.5 mb to below 420 mb by the second half of August." - ...

FIRST QUARTER 2024 HIGHLIGHTS Averaged 20.4 MBoe/d of total equivalent production (oil production of 14.2 MBbls/d) < Above my forecast of 20,000 Boepd / 14,000 Bopd. Generated $56 million of operating cash flow or $58 million before changes in working capital < Slightly lower than my forecast of $59...

Vital's Q1 results exceeded by forecast with higher production and higher Adjusted Operating Cash Flow. First-Quarter 2024 Highlights Execution of business plan and successful integration of acquired properties drove record production and higher-than-expected cash flows Reported 1Q-24 net loss of $6...

Q1 2024 FINANCIAL AND OPERATING HIGHLIGHTS Surge's Board and Management continue to be optimistic regarding the outlook for crude oil prices based on a tight physical market, ongoing geopolitical issues, and the significant underinvestment in the energy industry over the past several years. During Q...

At the time of this post PR was trading at $17.07. I have updated my forecast/valuation model for PR based on their solid production growth of 34,353 Boepd from Q4 to Q1, primarily due to the Earthstone Acquisition assets that are now fully integrated into PR. Well results continue to exceed expecta...

FOR THOSE WHO ARE 60 YEARS OLD AND ABOVE PLEASE READ THIS. (Susan and I recently turned 70). This is for you. I really like what is said here and am going to try my best to follow it. Thank you to the person who wrote this. May God bless us all as we strive to be a blessing to others at this age, es...

I have updated my forecast/valuation model for Ovintiv. > Their Q1 results beat my forecast and they have raised their full year production guidance. > ~64% of their production is natural gas and NGLs, and most of their ngas hedges are collars with high ceilings. My valuation increases by $1 to $70/...

Trading Economics Crude Oil Oil prices rebounded on Wednesday, with WTI crude futures climbing back above $78 per barrel after dropping below $77 earlier in the day as EIA data showed a draw in US crude oil stocks. Government data showed crude oil inventories in the US fell by 1.361 million barrels...

Ovintiv has a very good marketing team because natural gas and NGL prices were much higher than I expected. I also think they produce a lot of high BTU gas, which get premium pricing. Higher ngas and ngl prices should offset a bit of oil price weakness. This year's D&C program is focused on maxi...