SilverBow Resources (SBOW) Update - May 30

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dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

SilverBow Resources (SBOW) Update - May 30

Post by dan_s »

Note from Neal Dingmann at Truist Financial

Maintaining the Line as Pricing Pressures Continue;
Lowering PT to $39 From $44
We anticipate little change to SilverBow’s two rig plan with
focus to remain on oily assets for the coming months. However,
continued material natural gas pricing pressure and moderate
oil pricing pressure could cause more deliberate operations to
ensure capital spend is conserved. We have not changed our rig
activity forecasts and minimally changed 2023 estimates though
we have taken a more conservative 2024 approach lowering both
our production and capex estimates for next year resulting in
lower EBITDA estimates but a slightly higher FCF forecast.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 2954
Joined: Mon Mar 22, 2021 11:48 am

Re: SilverBow Resources (SBOW) Update - May 30

Post by Fraser921 »

Lower prices = lower earnings
Lower earnings = Lower prices
Lower prices = downgrades
Downgrades = Lower equity prices

This is my surprised face. :o

Q2 earnings will be crap
Equities will continue to fall.
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