Mizuho Securities USA initiates CHK, CHRD, CIVI, others; assumes APA, AR, COP, others
Initiated:
Chesapeake Energy (CHK) initiated buy with $155 target
Chord Energy (CHRD) initiated buy with $196 target
Callon Petroleum (CPE) initiated buy with $59 target
California Resources (CRC) initiated buy with $60 target
Crescent Energy (CRGY) initiated buy with $19 target
Magnolia Oil & Gas (MGY) initiated buy with $32 target
PDC Energy (PDCE) initiated buy with $97 target
SM Energy (SM) initiated buy with $51 target
Civitas Resources (CIVI) initiated neutral with $71 target
Earthstone Energy (ESTE) initiated neutral with $19 target
Gulfport Energy (GPOR) initiated neutral with $92 target
Matador Resources (MTDR) initiated neutral with $70 target
Permian Resources (PR) initiated neutral with $13 target
CNX Resources (CNX) initiated underperform with $19 target
Assumed:
Antero Resources (AR) assumed buy; target increased to $51 from $47
ConocoPhillips (COP) assumed buy; target increased to $151 from $135
Coterra Energy (CTRA) assumed buy; target decreased to $41 from $42
HF Sinclair (DINO) assumed buy vs prior neutral; target increased to $68 from $40
Devon Energy (DVN) assumed buy; target decreased to $82 from $86
EQT Corp (EQT) assumed buy; target increased to $64 from $61
Diamondback Energy (FANG) assumed buy; target decreased to $195 from $211
Murphy Oil (MUR) assumed buy; target decreased to $51 from $53
Ovintiv (OVV) assumed buy; target increased to $68 from $61
Occidental Petroleum (OXY) assumed buy; target increased to $82 from $81
PBF Energy (PBF) assumed buy; target increased to $50 from $43
Pioneer Natural Resources (PXD) assumed buy; target decreased to $294 from $305
Valero Energy (VLO) assumed buy; target increased to $157 from $150
Exxon Mobil (XOM) assumed buy; target increased to $140 from $90
Comstock Resources (CRK) assumed neutral vs prior buy; target decreased to $17 from $21
Chevron (CVX) assumed neutral vs prior buy; target increased to $200 from $185
EOG Resources (EOG) assumed neutral vs prior buy; target increased to $160 from $155
Hess Corporation (HES) assumed neutral vs prior buy; target increased to $164 from $150
Marathon Petroleum (MPC) assumed neutral vs prior buy; target increased to $133 from $125
Marathon Oil (MRO) assumed neutral vs prior buy; target is $32
Phillips 66 (PSX) assumed neutral vs prior buy; target increased to $121 from $115
Range Resources Corp. (RRC) assumed neutral; target decreased to $32 from $38
Southwestern Energy (SWN) assumed neutral vs prior buy; target is $9
APA Corp. (APA) assumed underperform vs prior buy; target decreased to $48 from $52
Delek US Holdings (DK) assumed underperform vs prior neutral; target increased to $30 from $25
Vital Energy (LPI) assumed underperform; target is $55
Top picks are FANG, CTRA, XOM
Analyst is Nitin Kumar
Sweet 16 Price Targets - Jan 10
Sweet 16 Price Targets - Jan 10
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Sweet 16 Price Targets - Jan 10
TOP WELL REPORT – November volumes – Ovintiv has a clean sweep of all of the top 15 natural gas wells
January 9, 20231:34 PM
The November data is out for the overall best oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month. For the first time ever, we have a clean sweep on the natural gas side with Ovintiv having all 15 of the top natural gas wells.
The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month of November is below.
https://boereport.com/2023/01/09/top-we ... gas-wells/
January 9, 20231:34 PM
The November data is out for the overall best oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month. For the first time ever, we have a clean sweep on the natural gas side with Ovintiv having all 15 of the top natural gas wells.
The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month of November is below.
https://boereport.com/2023/01/09/top-we ... gas-wells/
Re: Sweet 16 Price Targets - Jan 10
OVV pays a nice dividend and it has a lot of "running room". Production over 520,000 Boepd and growing.
My current valuation is $75/share.
My current valuation is $75/share.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group