Energy Prospectus

Great to hear of your interest Dan. USEG announced last week that the PV10 value of their PDP reserves @ 6/30, proforma for their acquisition that closed a month later, was $167M using SEC pricing, which was $86 for oil and $5 for gas on that date. The EV of the company, taking into account the debt...

Dan, I agree that STR now has about 83.5M shares out or maybe 1-2M shares less. On the proforma balance sheets that were included in the proxy statement for the Desert Peak transaction, they show (pg. 77) 11.9M Class A shares and 71.8M shares. At Note G of those statements (see pg. 82), they indicat...

I added to what was already a pretty large position in this on yesterday's pullback. I believe that was just a knee-jerk reaction to the reverse split. I believe that it is likely that they will provide initial guidance on the merged company in conjunction with the announcement of the completion of ...

Dan, as I understand the merger transaction, the 235M shares that are being issued will be added to, vs. in place of, the shares that FLMN currently as out.

Also, on your projection, I am expecting the merged company to generate a lot higher lease bonus fees than what you are projecting.

....despite recent gains in share price. This nanocap has seen its stock price appreciate recently, on high volume, yet it still sells at a 12% discount to the PV10 value of just its proved developed reserves as of last quarter end, at SEC pricing ($75 oil price held constant). The PV10 value at cur...

NFE Application for Fast LNG Solution in the U.S. Gulf of Mexico Advances April 26, 2022 at 6:00 AM EDT NEW YORK – New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) today announced that the U.S. Coast Guard, in coordination with the Maritime Administration, has affirmed th...

...while the sun shines. I've bought quite a bit of this stock, mostly over the last week. The stock has gone idiotic ever since they made that blockbuster announcement on 3/31, in which they said they had filed to build an offshore LNG liquefaction facility 16 miles off the coast of Louisiana, and ...

A few thoughts on your forecast Dan: 1) I believe your projection of G&A costs is going to be way too high. The merger presentation at slide 8 indicates that they think they can get G&A down to $3M a quarter, combined. That seems that it could be challenging yet still feasible since it doesn...

The most intriguing comp for post-merger FLMN is Viper (VNOM). FLMN post-merger is guiding to 14K boed production which is just under half of the 28.9K boed that Viper is guiding to. Yet the EV of FLMN post-merger ($1.76B) is not even a third of VNOM's ($5.54B). There should be some sort of discount...

Thanks so much for taking the time to type out your notes Dan, extremely helpful. When he said that they think that a successful CO2 flood could double production & reserves, is that a doubling of production & reserves of just the 5 producers in the pilot, or a doubling of production & r...