GPOR
Re: GPOR
from midnight trader----------
Gulfport (GPOR) advanced Wednesday after the natural gas and oil producer reported a 22% increase in Q4 production over year-ago levels to an average of 787 million equivalent cubic feet of natural gas per day, reaching the top of its forecast expecting between 765 million to 790 million cubic feet daily during the final three months of 2016.
Gulfport (GPOR) advanced Wednesday after the natural gas and oil producer reported a 22% increase in Q4 production over year-ago levels to an average of 787 million equivalent cubic feet of natural gas per day, reaching the top of its forecast expecting between 765 million to 790 million cubic feet daily during the final three months of 2016.
Re: GPOR
Go look at my updated forecast model for GPOR dated 1/14/2017. My Q4 forecast was production of 780,000 Mcfepd.
Per company: "Gulfport’s net daily production for the fourth quarter of 2016 averaged approximately 787.0 MMcfe per day. For the fourth quarter of 2016, Gulfport’s net daily production mix was comprised of approximately 87% natural gas, 9% natural gas liquids and 4% oil. Gulfport’s net daily production for the full-year of 2016 averaged approximately 719.8 MMcfe per day. For the full-year of 2016, Gulfport’s net daily production mix was comprised of approximately 86% natural gas, 9% natural gas liquids and 5% oil."
Note that Gulfport reports production in Mcfepd and my forecast model is BOE per day. I use the industry standard of 6:1 to come up with BOE per day.
Gulfport's production should be approximately 140,000 Boepd in Q1 (840,000 Mcfepd). By year-end 2017 their production s/b over 200,000 Boepd (1,200,000 Mcfepd).
GPOR is an incredible "Growth Machine", trading at a deep discount to my valuation of $43.75/year.
Per company: "Gulfport’s net daily production for the fourth quarter of 2016 averaged approximately 787.0 MMcfe per day. For the fourth quarter of 2016, Gulfport’s net daily production mix was comprised of approximately 87% natural gas, 9% natural gas liquids and 4% oil. Gulfport’s net daily production for the full-year of 2016 averaged approximately 719.8 MMcfe per day. For the full-year of 2016, Gulfport’s net daily production mix was comprised of approximately 86% natural gas, 9% natural gas liquids and 5% oil."
Note that Gulfport reports production in Mcfepd and my forecast model is BOE per day. I use the industry standard of 6:1 to come up with BOE per day.
Gulfport's production should be approximately 140,000 Boepd in Q1 (840,000 Mcfepd). By year-end 2017 their production s/b over 200,000 Boepd (1,200,000 Mcfepd).
GPOR is an incredible "Growth Machine", trading at a deep discount to my valuation of $43.75/year.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: GPOR
Gulfport's realized price for NGLs went from $14.37/Bbl in Q3 to $23.10/Bbl in Q4.
Improved NGL prices will give a BIG BOOST to revenues for GPOR, AR, RRC and SM. All of our Sweet 16 companies produce some NGLs.
At our last luncheon in Dallas, RRC told me that they think NGL prices could reach 50% of WTI in 2017. Some companies reported NGL prices under $10/Bbl in Q1 2016.
Improved NGL prices will give a BIG BOOST to revenues for GPOR, AR, RRC and SM. All of our Sweet 16 companies produce some NGLs.
At our last luncheon in Dallas, RRC told me that they think NGL prices could reach 50% of WTI in 2017. Some companies reported NGL prices under $10/Bbl in Q1 2016.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group