Energy Prospectus

Oil prices dropped by more than 1% to settle at $78.26 per barrel on Friday, but ending up where they began the week. < Lot of “noise” making the traders nervous. > Comments from US central bank officials suggesting that interest rates could remain higher for longer, potentially curbing demand from ...

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...

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...

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 ...

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...

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...

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, ...

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...

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...

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...