Energy Prospectus

I finished reviewing the updated profile on VRN this morning. It will be posted to the EPG website this afternoon. Note from HFI Research received on May 19: Veren (VRN:CA)—the former Crescent Point Energy—produces approximately 195,000 boe/d comprised of 59.1% oil and condensate, 9.7% NGLs, and 34....

KKR owns ~15% of CRGY Market Cap is over $97 billion. KKR backs Crescent Energy It is a VERY LARGE private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, gro...

From one of our members: APA: Non-Core Texas Asset Divestitures Slightly NPV Accretive Investment overview We are increasing our APA price target by $1 to $50 per share with the announced non-core Texas asset divestitures. APA is divesting ~24,000 primarily non-operated net royalty acres in the Midl...

I like this: Sales proceeds will shore up APA's balance sheet, lowering interest expense. APA is also going to benefit from the rapidly improving outlook for U.S. natural gas prices.   HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) announced today the sale of non-core produ...

I cannot stress enough how important it is that KKR is involved in this deal. NEW YORK (S&P Global Ratings) May 20, 2024-S&P Global Ratings today took the rating actions listed above. The outlook revision reflects Crescent's increased size and scale and lower pro forma cost structure. - U.S...

Copper prices are up to over $5.10/pound, an all-time high. One of our members asked me for some ideas. Trading Economic update on copper: https://tradingeconomics.com/commodity/copper ERO has been drawing a lot of attention: "Thanks to promising estimate revisions, Ero Copper currently carries...

I'm not selling SBOW. TipRanks' price target is $16.25 for CRGY. When the deal closes, you will get 3.125 shares of CRGY for each SBOW share you own. 3.125 X $16.25 = $50.78 price target for SBOW CRGY also pays a nice dividend, so perfect holding for an IRA account. Post-closing CRGY will draw a lot...

The only negative that I see is that they don't pay dividends.
> Strong production growth the last two quarters.
> Very good new well reports
> Rising ngas price should push Q2 results above my forecast. 97% of their oil is hedged, so

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 ...

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...