Energy Prospectus

During the week ending April 12 the Sweet 16 lost 1.38% (primarily due to the overall market selloff on Friday) and it is now up 17.96% YTD. During the same week the S&P 500 Index lost 1.69% and is now up 7.10% YTD. Last week EIA, OPEC and IEA reports show a tight global oil market that I expect...

HFI Research is a respected firm. They agree with me that the "Right Price" for WTI oil is within the $80 to $85 range. Oil prices are getting a bit of a geopolitical risk premium from the war going on in the Middle East. > EIA has been overstating U.S. oil production. > IEA continues to u...

It is called "Market Risk". When the overall stock market has a bad day and especially a bad week, big money funds have to sell some of their best stocks to cover withdrawals and margin calls. WTI was up big this morning, over $2.00/bbl, but sold off in the afternoon. Good news is that the...

Very important these days to know each company's hedges. Hedges and their impact on realized prices are shown at the bottom of each forecast model on our website. Learn how to use the tools we provide.

I've made some minor adjustments to my forecast/valuation model and reposted it to the EPG website. My current valuation stays the same at $50/share. TipRanks' EPS and operating cash flow for 2024 moved higher, probably due to adjustments made by Neal Dingmann. TipRanks' forecast is actually higher ...

There are details on slide 6 of the April slide deck showing what the Company is building in Eddy County, New Mexico. They expect to close the next bolt-on acquisition during May, 2024. It will be an all-cash deal funded by proceeds from the Company's recent equity offering. The assets being acquire...

OKLAHOMA CITY, April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share . The div...

This morning, I updated my forecast model for Granite Ridge for my updated oil & gas price forecast. My value increases by $0.15 to $8.90/share. At the time of this post GRNT was trading at $6.84 GRNT is in our Small-Cap Growth Portfolio. > It is a "Non-Op" company, similar to Northern...

This morning Mark Lear, a 5-Star rated energy sector analyst at Piper Sandler sent a new report on PR to TipRanks. He rates it a BUY with a price target of $22.00 Since April 5th five energy sector analysts have updated their price targets for TipRanks. The average is $20.80 with a range of $17.00 b...

IEA continues to slant their reports to lower oil demand growth in 2024 than what EIA and OPEC are reporting. However, the global oil market remains very tight with OECD Petroleum Inventories 65 million bbls below the 5-year average. Keep in mind that demand for oil-based products is higher than th...