Energy Prospectus

Over the next few days I will be updating all of the forecast/valuation models for the 12 companies in our High Yield Income Portfolio. I am updating them primarily for my new oil & gas price deck. My oil price forecast is starting to look too conservative already. Hemisphere Energy is a pure pl...

Oil moving higher following report that US officials are expecting an imminent Iranian proxy missile strike on Israel. Israel issued a warning to Iran threatening retaliation if Iran directly attacks Israel. In response, Israel made it clear to OPEC member Iran that any aggression towards Israel wou...

Notes below are from TPH & Co. Equity Research 4-10-2024 which is highly respected in Houston and normally conservative in their stock valuations. Initiating Coverage on CRGY with a BUY, $18/shr PT Disciplined investment, low-decline assets allow for more efficient capital spend, with upside tow...

I did not get much out of the Water Tower webinar this morning. My current valuation stays at $50/share. TipRanks' updated price target is $50.25. Based on Riley's December 31, 2023 3rd party reserve report that used the SEC oil price of $78.22/bbl for WTI, the PV10 Net Asset Value just based on the...

Initial reaction of traders pushed the NYMEX MAY24 contract under $85/bbl, but it has already bounced back off the low of $84.55 and is now back over $85. Oil prices are set by global supply/demand. U.S. crude oil inventory build caused by more net imports is not an increase in global oil supply. No...

Good stuff. All of the Canadian upstream companies that I follow trade at low multiples, partly due to the high differentials caused by lack of adequate pipeline takeaway capacity. The Trans Mountain Pipeline is already significantly lowering differentials in Canada. We will discuss this topic at ou...

Summary of Weekly Petroleum Data for the week ending April 5, 2024 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending April 5, 2024, which was 115 thousand barrels per day less than the previous week’s average. Refineries operated at 88.3% of their operable c...

Notes below are from TPH & Co. Equity Research Team (highly respected in Houston) CIVI Stock Thoughts Focus on execution moving through the year; remain comfortable with FY’24 outlook despite some transitory moving pieces likely to impact the Q1 print Sector: Upstream | Ticker: CIVI | Recommenda...

NEW YORK, April 9 (Reuters) - U.S. crude oil output is set to grow slightly more than earlier estimates for this year and next, the U.S. Energy Information Administration said on Tuesday, while also hiking its global and domestic oil price forecasts. U.S. crude production will rise by around 280,00...

I spent the morning reviewing my forecast/valuation model for APA and the initial profile that was drafted by Nataly, one of our three super smart SMU graduates. She always does a great job. APA is replacing Range Resources (RRC) in the Sweet 16. Nothing is wrong with RRC other than it is now tradin...