SM Energy

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RTaber1
Posts: 81
Joined: Thu May 26, 2016 11:25 pm

SM Energy

Post by RTaber1 »

What is the relation of its current price to projected 2022 cash flow per share for SM Energy?
What is the breakdown of production between oil, gas and ngls?
What oil and gas prices are assumed in your model for 2022?

Thanks!
dan_s
Posts: 35537
Joined: Fri Apr 23, 2010 8:22 am

Re: SM Energy

Post by dan_s »

All of your questions can be answered by looking at the forecast model.

2021 Operating Cash Flow forecast is $975.3 million, $8.03 per share
2022 Operating Cash Flow forecast is $1,460.4 million, $11.97 per share

2021 production s/b ~136,856 Boepd (54% oil, 36% natural gas, 10% NGLs)
2022 production forecast is 153,000 Boepd with about the same mix

Oil and gas prices used for 2022 are $80/bbl WTI and $3.50/mcf for HH gas.
SM's forecast realized prices, adjusted for regional differentials and their hedges are $62/bbl oil, $3.00/mcf and $21/bbl NGLs
Dan Steffens
Energy Prospectus Group
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