Search found 34465 matches

by dan_s
Thu Mar 21, 2024 1:02 pm
Forum: Sweet 16 Portfolio
Topic: SilverBow Resources (SBOW) Update - Mar 21
Replies: 8
Views: 371

Re: SilverBow Resources (SBOW) Update - Mar 21

They are not buying SBOW for cash and they are not taking it private. They are contributing cash and producing assets to SilverBow. MY TAKE is that SilverBow's BOD will only approve the deal if SilverBow's management team keeps running the company. They may change the companies name, but it will rem...
by dan_s
Thu Mar 21, 2024 10:02 am
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Webinar Preview - Mar 20
Replies: 6
Views: 165

Re: ROK Resources (ROKRF) Webinar Preview - Mar 20

Note from Echlon Capital Markets: "There is substantial unrecognized value in the stock for the lithium potential, which could be crystalized near-term. With that, we continue to have a Buy rating on ROK and a $0.55 PT based on a ~3.5x 2024 EV/DACF multiple adjusted for 20% of the NPV of the Hu...
by dan_s
Thu Mar 21, 2024 9:47 am
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Webinar Preview - Mar 20
Replies: 6
Views: 165

Re: ROK Resources (ROKRF) Webinar Preview - Mar 20

Note from Research Capital Corp. based in Canada: "ROK issued an operational update in February, released year-end reserves, and provided first-half 2024 guidance. ROK finished 2023 strong with record average production in December of 4,650 boe/d, surpassing the upper limit of the projected exi...
by dan_s
Thu Mar 21, 2024 9:40 am
Forum: The View from Houston
Topic: EIA Natural Gas Storage Report - Mar 21
Replies: 1
Views: 80

EIA Natural Gas Storage Report - Mar 21

Working gas in storage was 2,332 Bcf as of Friday, March 15, 2024, according to EIA estimates. This represents a net increase of 7 Bcf from the previous week. Stocks were 411 Bcf higher than last year at this time and 678 Bcf above the five-year average of 1,654 Bcf. At 2,332 Bcf, total working gas ...
by dan_s
Thu Mar 21, 2024 9:17 am
Forum: Sweet 16 Portfolio
Topic: SilverBow Resources (SBOW) Update - Mar 21
Replies: 8
Views: 371

SilverBow Resources (SBOW) Update - Mar 21

Bloomberg 3-21-2024 Riposte Capital says it finds proposal from Kimmeridge Texas Gas to combine with SilverBow Resources “highly compelling,” and supports the offer. * Riposte owns ~9.9% of SilverBow stock * Says combined entity could lead further consolidation in region, be instantly attractive to ...
by dan_s
Wed Mar 20, 2024 6:55 pm
Forum: The View from Houston
Topic: Oil & Gas Prices - March 20
Replies: 0
Views: 42

Oil & Gas Prices - March 20

Trading Economics: "WTI crude futures fell about 2% to $81 a barrel on Wednesday, moving further away from over four-month highs touched on Tuesday, as investors took some profits off the table following a strong run-up in oil prices . A stronger dollar also pressured oil prices, as it makes o...
by dan_s
Wed Mar 20, 2024 6:43 pm
Forum: The View from Houston
Topic: Jeff Currie resurfaces
Replies: 3
Views: 149

Re: Jeff Currie resurfaces

IEA is still under-estimating oil demand and I believe they are also over-estimating oil supply growth. At the current active rig count, I don't think U.S. oil production will grow as much as IEA is estimating. EIA's forecast for U.S. production growth is lower than IEA's "guess".
by dan_s
Wed Mar 20, 2024 3:18 pm
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Webinar Preview - Mar 20
Replies: 6
Views: 165

Re: ROK Resources (ROKRF) Webinar Preview - Mar 20

Joining me tomorrow will be Bryden Wright, the Company’s President and Chief Operating Officer. Jarod Lukomski, the SVP of Land & Business Development You will be able to post questions to the chat box tomorrow or you can post them here. My updated forecast/valuation model for ROK has been poste...
by dan_s
Wed Mar 20, 2024 2:59 pm
Forum: Other topics of interest
Topic: SLBO vs Kimmeridge et al
Replies: 3
Views: 87

Re: SLBO vs Kimmeridge et al

Kimmeridge does not own enough stock to force SilverBow's BOD to do anything. Let this play out. When I was at Hess we got several offers for our core areas. This stuff happens all the time in this business. The only unsolicited offer we accepted was the sale of our upstream division in Canada for $...
by dan_s
Wed Mar 20, 2024 2:45 pm
Forum: Picks and tips from the EP community
Topic: ROK Resources (ROKRF) Webinar Preview - Mar 20
Replies: 6
Views: 165

ROK Resources (ROKRF) Webinar Preview - Mar 20

I have reviewed the slides that ROK will speak from during tomorrow's webinar. Here are some highlights that jump out at me. > ROK is a Canadian Junior Upstream Oil & Gas company that was co-founded by Cam Taylor (Chairman) and Bryden Wright (President) in 2019. Their team has a strong track rec...