Stifel's Updated Price Targets - June 2

[dan_s]

Here are Stifel's updated price targets based on their increased oil & gas price deck, that is now very close to the oil and gas prices that I'm using.
Note that Stifel does not cover all of the same stocks that I do. These are just the one that both of us cover.

New price targets
CLR: $107
CTRA: $47 < Will be going to our HIgh Yield Income Portfolio in the June newsletter.
DVN: $88
EOG: $$170
FANG: $236
PXD: $321

CPE: $140 < A "Screaming Buy" at today's share price.
LPI: $172
MTDR: $89
NOG: $43
PDCE: $128
SM: $81 < SM will soon be promoted to the Sweet 16.

CRK: $26
RRC: $52

TALO: $41

BSM: $19
FLMN: $9.60
MNRL: $32
PHX: $6.90 < This minerals company is high on my Watch List.
VNOM: $37

[allen46]

Dan, they also rate OAS very highly and predict a 14% dividend by 2023. Can you comment? thanks!

[dan_s]

I have not looked closely at OAS since they went through the Chapter 11 process. They have a solid team that just got caught with too much leverage when the pandemic hit. The recent merger with Whiting makes them the "Big Dog" in the Bakken.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the United States. It engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.

Go here: https://www.oasispetroleum.com/wp-conte ... 2_V4-1.pdf

Read slides 4 and 5 carefully.