Search found 34713 matches
- Fri May 10, 2024 2:18 pm
- Forum: The View from Houston
- Topic: Any Ideas on Raison du jour for the Punishment today?
- Replies: 1
- Views: 35
Re: Any Ideas on Raison du jour for the Punishment today?
The Erick Erickson Show Democrats Get Trumpy On The Border As a record number of illegal immigrants have crossed the southern border, Democrats have finally realized that their party’s stance on border security is at odds with the majority of Americans. Why this matters: With an election less than s...
- Fri May 10, 2024 2:13 pm
- Forum: Sweet 16 Portfolio
- Topic: Baytex Energy (BTE) Valuation Update - May 10
- Replies: 0
- Views: 5
Baytex Energy (BTE) Valuation Update - May 10
At the time of this post BTE was trading at $4.79Cdn and $3.50US. I updated my forecast/valuation model for their Q1 results and updated guidance (no significant changes). I'm lowering my valuation by $0.50US to $6.40US ($8.64Cdn). < I'm still bullish on this stock. Q1 operating expenses were higher...
- Fri May 10, 2024 9:08 am
- Forum: Sweet 16 Portfolio
- Topic: Baytex Energy (BTE) Q1 Results - May 9
- Replies: 2
- Views: 87
Baytex Energy (BTE) Q1 Results - May 9
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2024 (all amounts are in Canadian dollars unless otherwise noted). "In the first quarter we safely ...
- Fri May 10, 2024 8:39 am
- Forum: The View from Houston
- Topic: Brent Oil Price moves over $84 - May 10
- Replies: 0
- Views: 45
Brent Oil Price moves over $84 - May 10
Reuters: Oil benchmark Brent above $84 on perky demand signals, MidEast conflict By Natalie Grover May 10, 2024 6:34 AM CDT LONDON, May 10 (Reuters) - Global benchmark Brent hovered above $84 a barrel on Friday after data this week signaled growing demand in the U.S. and China, the world's two large...
- Thu May 09, 2024 6:29 pm
- Forum: Sweet 16 Portfolio
- Topic: Magnolia Oil & Gas (MGY) Valuation Update - May 9
- Replies: 0
- Views: 38
Magnolia Oil & Gas (MGY) Valuation Update - May 9
If you like a simple business strategy, steady production growth year after year, rising dividends and aggressive stock buybacks then MGY is for you. Q1 results were solid and Q2 results should be much better. None of this company's production is hedged. My valuation of MGY increases by $1 to $32/sh...
- Thu May 09, 2024 5:47 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 9
- Replies: 0
- Views: 44
Oil & Gas Prices - May 9
Trading Economics: WTI Oil "WTI crude futures rose above $79 per barrel on Thursday, extending gains from the previous session as official data showed a decline in US crude stockpiles, signaling tighter supply. EIA data showed that US crude inventories fell by 1.361 million barrels last week, ...
- Thu May 09, 2024 2:26 pm
- Forum: Sweet 16 Portfolio
- Topic: Vital Energy (VTLE) Valuation Update - May 9
- Replies: 0
- Views: 94
Vital Energy (VTLE) Valuation Update - May 9
At the time of this post VTLE was trading at $51.47. < Below book value and less than 2X 2024 operating cash flow per share. I have updated my forecast/valuation model for Vital Energy for their Q1 results and updated guidance, which looks too conservative to me since they beat their Q1 production g...
- Thu May 09, 2024 2:02 pm
- Forum: Sweet 16 Portfolio
- Topic: Analysis of Vital Energy Q1 results
- Replies: 4
- Views: 129
Re: Analysis of Vital Energy Q1 results
Josh Young at Bison Energy wrote an article about Vital on 2/26/2024 that concluded that VTLE had over 300% upside when compared to what Diamondback Energy has paid for Permian Basin acquisitions. I agree with Josh that Vital Energy is a screaming takeover target. It is a pure play on the Permian Ba...
- Thu May 09, 2024 1:59 pm
- Forum: Sweet 16 Portfolio
- Topic: Analysis of Vital Energy Q1 results
- Replies: 4
- Views: 129
Re: Analysis of Vital Energy Q1 results
Cliff; My opinion is that Vital doesn't get the coverage it deserves because it has such a small number of shares outstanding, just 36,661,000 at 3/31/2024. That's low for a company of this size, over 124,000 Boepd. Low share count = high volatility as small changes in a forecast model can have a bi...
- Thu May 09, 2024 11:54 am
- Forum: Picks and tips from the EP community
- Topic: Riley Exploration Permian (REPX) Valuation Update - May 9
- Replies: 1
- Views: 59
Re: Riley Exploration Permian (REPX) Valuation Update - May 9
My forecast/valuation has been posted to the EPG website. Take a look at Riley's year-end 2023 3rd party reserve report in their 10-K. It shows a PV10 Net Asset Value of $55.04/share based only on the Company's proved reserves. This year's acquisitions and drilling program should push that valuation...