Permian Resources (PR) Valuation Update - Sept 6
Posted: Tue Sep 06, 2022 9:21 am
PR opened this morning at $8.00/share. My initial valuation is $14.50, which is just over 3X my forecast operating cash flow per share forecast for 2023.
The Company has provided detailed guidance for Q4 2022 and preliminary guidance for 2023.
> Mid-point of Q4 production guidance is 145,000 Boepd (52% crude oil, 29% natural gas, 19% NGLs)
> My Q4 revenue estimate (net of cash settlements on their hedges and regional differentials) is $918 million.
> My Q4 operating cash flow estimate is $644 million, $1.14/share, which compares to TipRanks' consensus of $1.05. < So, today's share price is less than 2X annualized operating cash flow per share.
I just posted my profile on the Company to the EPG website. Read it carefully.
Read this: https://www.naturalgasintel.com/newly-f ... -ceos-say/
Permian Resources is led by co-CEOs Will Hickey, 35, and James Walter, 34, who co-founded privately held Colgate in 2015. < They are going to be making a lot of presentations to analysts and hedge fund managers over the next few weeks. This is the kind of hard charging company the Wall Street Gang loves.
The Company has provided detailed guidance for Q4 2022 and preliminary guidance for 2023.
> Mid-point of Q4 production guidance is 145,000 Boepd (52% crude oil, 29% natural gas, 19% NGLs)
> My Q4 revenue estimate (net of cash settlements on their hedges and regional differentials) is $918 million.
> My Q4 operating cash flow estimate is $644 million, $1.14/share, which compares to TipRanks' consensus of $1.05. < So, today's share price is less than 2X annualized operating cash flow per share.
I just posted my profile on the Company to the EPG website. Read it carefully.
Read this: https://www.naturalgasintel.com/newly-f ... -ceos-say/
Permian Resources is led by co-CEOs Will Hickey, 35, and James Walter, 34, who co-founded privately held Colgate in 2015. < They are going to be making a lot of presentations to analysts and hedge fund managers over the next few weeks. This is the kind of hard charging company the Wall Street Gang loves.