This should draw more attention to ROCC and SBOW
Posted: Thu Dec 29, 2022 11:19 am
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".
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".