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by dan_s
Sat Mar 23, 2024 6:31 pm
Forum: The View from Houston
Topic: March 23 Podcast
Replies: 4
Views: 116

March 23 Podcast

Direct link to my March 23 podcast: https://www.youtube.com/watch?v=NlMOCOsEr2s
by dan_s
Sat Mar 23, 2024 10:09 am
Forum: Sweet 16 Portfolio
Topic: Sweet 16 Update - March 23
Replies: 0
Views: 180

Sweet 16 Update - March 23

During the week ending March 22, our Sweet 16 Growth Portfolio gained 2.68% and is now up 11.06% year-to-date. Not bad for less than 3 months! The overall market is also doing well. The S&P 500 Index was up 2.44% for the week and up 9.41% year-to-date. Since February 2nd, when the Sweet 16 close...
by dan_s
Fri Mar 22, 2024 5:26 pm
Forum: Monthly Webinars and Luncheons
Topic: March Webinars and Luncheons
Replies: 3
Views: 142

Re: March Webinars and Luncheons

https://www.youtube.com/watch?v=XdEpSGSPOFI
by dan_s
Fri Mar 22, 2024 5:23 pm
Forum: Sweet 16 Portfolio
Topic: SilverBow Resources (SBOW) Update - Mar 21
Replies: 8
Views: 373

Re: SilverBow Resources (SBOW) Update - Mar 21

This process will take time. SilverBow has no need to accept the offer. SilverBow holds the upper hand in this negotiation process.
by dan_s
Fri Mar 22, 2024 10:24 am
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Valuation Update - Mar 21
Replies: 6
Views: 239

Re: ROK Resources (ROKRF) Valuation Update - Mar 21

PS: Since I started covering ROK they have been very responsive to all of my questions. With all companies, especially the small-caps, the quality of the management team is a BIG part of my valuation. Cam Tayor, Bryden and Jared are a high-quality team with a strong track record of building value fo...
by dan_s
Fri Mar 22, 2024 10:16 am
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Valuation Update - Mar 21
Replies: 6
Views: 239

Re: ROK Resources (ROKRF) Valuation Update - Mar 21

This morning, I asked Bryden and Jared if the BOD has considered doing something to get rid of the dilution overhang created by the warrants. Below is Jarod's response: Note that currently the covenants of their revolver do not allow them to buyback shares or warrants for cash. ---------------------...
by dan_s
Fri Mar 22, 2024 9:34 am
Forum: Other topics of interest
Topic: Matador Is Going Up Consistently
Replies: 5
Views: 206

Re: Matador Is Going Up Consistently

MTDR is up more than 20% YTD and 439% since 1-1-2021. I've talked to the IR manager. Mac Schmitz. He would like to host a webinar for us, but needs CEO approval. If they do it, it will be after their annual meeting. If you want to attend, it will be in Dallas. Mac's contact information is mchmitz@ma...
by dan_s
Fri Mar 22, 2024 9:07 am
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Valuation Update - Mar 21
Replies: 6
Views: 239

Re: ROK Resources (ROKRF) Valuation Update - Mar 21

Hindsight is 20/20. I think Bryden said that their debt covenants don't allow them to buy back the warrants. Look at column S of my forecast model, the forecast for 2025. It assumes that 100% of the warrants are excersized in mid-2025. Even on a fully diluted basis the numbers still look very good (...
by dan_s
Thu Mar 21, 2024 3:32 pm
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Valuation Update - Mar 21
Replies: 6
Views: 239

Re: ROK Resources (ROKRF) Valuation Update - Mar 21

I was not able to post the updated forecast/valuation model for ROK to the EPG website until 3:20PM CT. ROK.V close today at $0.275Cdn today. < Just 1.3 X my 2024 operating cash flow per share forecast of $0.21Cdn PV10 Net Asset Value based only on the Proved Reserves as of December 31, 2023 is $0.5...
by dan_s
Thu Mar 21, 2024 1:40 pm
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Valuation Update - Mar 21
Replies: 6
Views: 239

ROK Resources (ROKRF) Valuation Update - Mar 21

I got some new information during today's webinar. Cam, Bryden and Jarod are a solid team with the right kind of experience to grow ROK Resources into a valuable company. Today it is free cash flow positive and it has a lot of high-quality Running Room in one of North America's top oil basins in Sas...