Sweet 16 Price Targets - Jan 10

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dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Sweet 16 Price Targets - Jan 10

Post by dan_s »

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
Dan Steffens
Energy Prospectus Group
Hawker99
Posts: 27
Joined: Mon Jul 16, 2018 1:06 pm

Re: Sweet 16 Price Targets - Jan 10

Post by Hawker99 »

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/
dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Re: Sweet 16 Price Targets - Jan 10

Post by dan_s »

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.
Dan Steffens
Energy Prospectus Group
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