This should draw more attention to ROCC and SBOW

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

This should draw more attention to ROCC and SBOW

Post by dan_s »

Marathon recently closed a $3 billion acquisition in the South Texas Eagle Ford play. Current production of 67,000 Boepd with 22,000 barrels of oil per day.
Read: https://finance.yahoo.com/news/marathon ... 00623.html

ROCC and SBOW are both pure plays on the Eagle Ford. Based on what MRO paid per Boepd, they have 20% to 40% upside.

ROCC's current production is 46,000 Boepd with 33,000 Bopd. < Market-Cap of $754 million and total debt of $970 million.

SBOW's current production is 54,800 Boepd with 10,300 Bopd. < Market-Cap of $620 million and total debt of $973 million.

Quality of their undeveloped acreage is hard to determine, but I do think ROCC and SBOW have a lot of "running room".
Dan Steffens
Energy Prospectus Group
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