SilverBow Resources (SBOW) Price Targets - Aug 15

[dan_s]

Two analysts have submitted updated priced targets to TipRanks"

Neal Dingmann at Truist Financial rates SBOW a BUY with a price target of $59

Donovan Schafer at Northland Securities rates SBOW a BUY with a price target of $55
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You pay BIG BUCKS for your EPG membership because my mission is to find undiscovered gems like SilverBow before the Wall Street Gang does. Neal Dingmann is a 5-Star energy sector analyst and he was the first of the gang to figure out the potential of SBOW.

SilverBow was added to my Watchlist four years ago and promoted to the Sweet 16 on 6-18-2022 at a share price of $5.30. It will be at least a 1,000% winner for us and maybe 2,000% if their 2024 guidance confirms my forecast model assumptions.

I will be finishing my review of our updated profile on SilverBow today.

[dan_s]

My updated profile on SilverBow has been posted to the EPG website.

It will be emailed to our global membership tomorrow morning.

[ChuckGeb]

Listened to Sean Wolverton at Enercom today. Chesapeake current production is 1/3 gas, 1/3 oil, and 1/3 ngl. Very positive presentation. This company continues to impress on building a versatile quality position in the Eagle Ford as well as its ability to execute and be nimble based on commodity pricing. This one has to be at the top of your good finds! Much appreciated for the fruitful prospecting you have done and continue to do.

[dan_s]

Thanks. I believe that SBOW will end up in the "EPG Hall of Fame". TransGlobe Energy (TGA) holds the record, with more than a 4,000% gain. TGA was in the very first Sweet 16 back in 2002.

[dan_s]

From KeyBanc Capital Markets Research Team

SBOW: Introduce Pro Forma Model for Acquisition;
Increase Ests, Raise PT to $50
Market Cap (M): $904.0 - Price: $39.91 - Target: $50 (from $48) - Overweight

Tim Rezvan, CFA
We met with SilverBow management at EnerCom this week, the day after
the Company announced its transformational $700M Eagle Ford acquisition.
We dug into details of the pro forma company, assuming the Chesapeake
acquisition closes as expected around quarter-end, and disclose updated
modeling assumptions herein. The acquisition is a logical bolt-on, given the
existing footprint, and continues the growth and oily pivot initiative SilverBow
started in 2021. We believe the accretive acquisition provides both scale and
high-quality, liquids-rich inventory. We also believe the deal, and the strong
equity performance (SBOW +66% in last 3 mos, vs. XOP +20%), improve
the board's strategic leverage over activist investors. As we await details on
the close date, we will look for updated comments on natural gas realizations
and transportation/processing unit expense, given legacy takeaway contracts
entered into by Chesapeake.