The Gassers are going to have great Q3 results

The Gassers are going to have great Q3 results

Postby dan_s » Wed Sep 14, 2022 7:38 am

HH ngas moving higher this morning, sure to top the ngas price I've used in my forecasts.

AR CRK EQT RRC SBOW are all Screaming Buys at their current share prices.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 30137
Joined: Fri Apr 23, 2010 8:22 am

Re: The Gassers are going to have great Q3 results

Postby Fraser921 » Wed Sep 14, 2022 9:39 am

TALOS is up 9 % when the overall market is shaky.
CRK is up big too..Go Cowboys
Fraser921
 
Posts: 1636
Joined: Mon Mar 22, 2021 11:48 am

Re: The Gassers are going to have great Q3 results

Postby mikelp » Wed Sep 14, 2022 11:59 am

nice to see the big rally at $CRK

Jerry Jones needs some good news these days
the Cowboys looked horrible in Sunday night game, got whupped good by Brady and the Bucs
and their QB Dak is out for weeks with the thumb injury, all they got is a taxi squad backup QB to fill in
another bad week and we'll see Cam Newton wearing a Cowboys uniform
mikelp
 
Posts: 187
Joined: Thu Jun 12, 2014 10:15 am

Re: The Gassers are going to have great Q3 results

Postby dan_s » Wed Sep 14, 2022 5:48 pm

Comstock Resources (CRK) actual results:
Operating Cash Flow
2020A: $490.2 million, $2.12 per share
2021A: $908.2 million. $3.92 per share
2022
Q1A: $292.2 million, $1.26 per share
Q2A: $453.6 million, $1.95 per share

Here is my forecast of what is to come:
2022
Q3E: $541.2 million, $2.33 per share (based on HH ngas averaging $8.00)
Q4E: $693.3 million, $2.99 per share (based on HH ngas averaging $9.00)
Full year 2022E: $1,980.6 million, $8.54 per share

2023E: $1884.2 million, $8.10 per share (based on HH ngas averaging $5.00)
< If HH ngas average $9.00 in Q1 2023, this Company should generate over $1 Billion of operating cash flow in the first quarter)

If my forecasts are close to the actuals, CRK should push up to $40/share.

BTW if we have the exact same La Nina winter that we had last year, I think HH ngas could break the 25 year record and go over $14/MMBtu in February.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 30137
Joined: Fri Apr 23, 2010 8:22 am

Re: The Gassers are going to have great Q3 results

Postby farrell90 » Thu Sep 15, 2022 1:07 pm

Goldman Sachs predicts lower natural gas prices in Europe [and the US}
https://www.barrons.com/articles/natural-gas-prices-europe-goldman-51663090649

NOAA predicts LaNina with over 90% certainty. Some are calling it a triple dip LaNina
https://www.climate.gov/news-features/blogs/september-2022-la-ni%C3%B1a-update-it%E2%80%99s-q-time

Dan, have fun with those headlines.

Farrell
farrell90
 
Posts: 13
Joined: Fri Oct 28, 2011 10:12 pm

Re: The Gassers are going to have great Q3 results

Postby dan_s » Thu Sep 15, 2022 3:27 pm

Miss La Nina and Old Man Winter will beat the crap out of Global Warming.

It has been and will continue to be a wild ride for natural gas traders, but starting the winter with not enough ngas in storage is going to keep gas prices high.

We are in the "Shoulder Season" when storage builds MUST BE large for any chance to get thru a cold winter.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 30137
Joined: Fri Apr 23, 2010 8:22 am


Return to Sweet 16 Portfolio

Who is online

Users browsing this forum: No registered users and 8 guests

cron