Sweet 16 Companies announcing Q1 results this week

[dan_s]

AR, EQT, MTDR and RRC announced Q1 results and fresh guidance last week.

These are the Sweet 16 companies announcing Q1 results this week. All are expected to announce them after the markets close.

Monday, May 2
> Coterra Energy (CTRA)
> Diamondback Energy (FANG) + the companies they control Rattler Midstream (RTLR) and Viper Energy Partners (VNOM)

May 3
> Comstock Resources (CRK)

May 4
> Callon Petroleum (CPE)
> Continental Resources (CLR)
> Laredo Petroleum (LPI)
> PDC Energy (PDCE)

May 5
> Earthstone Energy (ESTE)
> EOG Resources (EOG)
> Northern Oil & Gas (NOG)

Next week
Monday May 9
> Magnolia Oil & Gas (MGY)
> Ovintiv (OVV)

I will be updating my forecast/valuation models as soon as I can after they release Q1 results and our goal is to update all of the Sweet 16 profiles by May 21st.

Because I will be up to my ears in new information, the next edition of The View From Houston will be published ~May 17.

[Fraser921]

Thanks, very busy week. Cant wait to listen to all of them.

I added to MTDR today, I have AR

CRK should be printing money with the unhedged piece

[dan_s]

We will be publishing an updated profile on AR tomorrow morning. It will be posted to the EPG website this afternoon.

At the current NYMEX strip for HH natural gas, Antero should generate over $3 billion of Free Cash Flow from operations this. They will pay off the outstanding balance due on their revolvers in June. I think AR will expand their share buyback and start paying a dividend.

"FEAR of the Fed" is causing an overall market selloff that keeps these super profitable companies from moving higher. Fund managers are forced to sell good stocks to pay redemptions.

Devon Energy (DVN) is also going to announced very strong Q1 results today after the markets close. I moved DVN and PXD from the Sweet 16 to our High Yield Income Portfolio.