Search found 34778 matches

by dan_s
Sat May 18, 2024 6:50 pm
Forum: The View from Houston
Topic: May Newsletter
Replies: 0
Views: 6

May Newsletter

My plan is to publish my next newsletter on May 28, the day after Memorial Day. Prior to the newsletter I hope to publish all remaining Sweet 16 profile updates. > Vital Energy (VTLE) will be published on May 20th. > BTE, SM and TALO are ready for my final review. > In progress are EOG, OVV, PR and ...
by dan_s
Sat May 18, 2024 6:16 pm
Forum: The View from Houston
Topic: Tornados in Houston Area - late on May 16
Replies: 2
Views: 89

Re: Tornados in Houston Area - late on May 16

Thanks. I am going to use some quotes from that article in my presentation at a conference in Dallas on Sunday. It is the Mick Law Energy & Global Alts Symposium, May 19-21. I will be speaking at the Marriott at Legacy Town Center in Plano at 3:00PM on Sunday. I will be available after 7:00 if a...
by dan_s
Sat May 18, 2024 2:51 pm
Forum: Sweet 16 Portfolio
Topic: Sweet 16 Update - May 18
Replies: 1
Views: 120

Re: Sweet 16 Update - May 18

Vital Energy (VTLE) closed on Friday at $49.53, which is less that 50% of my updated valuation of $105/share. My valuation is just 3.25 X annualized operating CFPS. 4X this year's operating cash flow of $27.60 is $110.40. TipRanks' CFPS share forecasts are $28.58 for 2024 and $30.55 for 2025. < Trui...
by dan_s
Sat May 18, 2024 2:04 pm
Forum: Sweet 16 Portfolio
Topic: Crescent Energy (CRGY + SBOW) Price Target raised to $17
Replies: 1
Views: 60

Re: Crescent Energy (CRGY + SBOW) Price Target raised to $17

After looking closely at Raymond James post-closing forecasts for Crescent Energy, it appears that RJ is being overly conservative on their production forecasts for Q4 an all of 2025. Per TipRanks Neal Dingmann at Truist Financial also rated CRGY a BUY on 5/17, but TipRanks does not show Neal's pric...
by dan_s
Sat May 18, 2024 9:27 am
Forum: Sweet 16 Portfolio
Topic: Crescent Energy (CRGY + SBOW) Price Target raised to $17
Replies: 1
Views: 60

Crescent Energy (CRGY + SBOW) Price Target raised to $17

On May 17th Raymond James published their updated report on CRGY, which includes detailed analysis of the merger with SBOW. Conclusion: We view CRGY as undervalued compared to peers and reiterate our Strong Buy rating while increasing our target price to $17/share ($16/share previously). Send me an ...
by dan_s
Fri May 17, 2024 6:42 pm
Forum: Sweet 16 Portfolio
Topic: Sweet 16 Update - May 18
Replies: 1
Views: 120

Sweet 16 Update - May 18

The Sweet 16 gained 0.75% during the week ending May 17. The portfolio is now up 12.46% YTD. The S&P 500 Index also had a good week, up 1.64% on hope that the Fed would actually lower interest rates this year. It is now up 10.81%. The rate of inflation may have declined, but there is no chance t...
by dan_s
Fri May 17, 2024 5:54 pm
Forum: The View from Houston
Topic: Oil & Gas Prices - May 17
Replies: 0
Views: 16

Oil & Gas Prices - May 17

Trading Economics: Oil WTI crude futures firmed above $79 per barrel on Friday with the JUN24 NYMEX futures contract closing at $80.00/bbl. > This week's gains, underpinned by recent declines in US crude oil inventories and growing optimism that the US Federal Reserve will cut interest rates this y...
by dan_s
Fri May 17, 2024 12:55 pm
Forum: Picks and tips from the EP community
Topic: Antero Midstream (AM) Valuation Update - May 17
Replies: 1
Views: 51

Re: Antero Midstream (AM) Valuation Update - May 17

DENVER, May 15, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced that it has received an investment grade credit rating of BBB- from S&P Global Ratings ("S&P"). On May 15th, 2...
by dan_s
Fri May 17, 2024 12:45 pm
Forum: Picks and tips from the EP community
Topic: Antero Midstream (AM) Valuation Update - May 17
Replies: 1
Views: 51

Antero Midstream (AM) Valuation Update - May 17

This increases my valuation of AM by $0.50 to $14.50/share. AM is a C-Corp. midstream company in our High Yield Income Portfolio. TipRanks 5-17-2024: "In the last 3 months, 3 ranked analysts set 12-month price targets for AM. The average price target among the analysts is $14.33." Wells Fa...
by dan_s
Fri May 17, 2024 12:16 pm
Forum: The View from Houston
Topic: Natural Gas Prices - May 17
Replies: 0
Views: 55

Natural Gas Prices - May 17

Trading Economics "US natural gas futures rose toward $2.60/MMBtu, the highest in four months, after EIA reported a smaller-than-expected storage build. US utilities added 70 billion cubic feet (bcf) of gas into storage last week, below market expectations of a 76 bcf increase. However, the rep...