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Two "Gassers" drawing some attention
Posted: Tue Aug 20, 2024 8:49 am
by dan_s
Antero Resources Raised to Sector Outperform at Scotiabank
Range Resources Raised to Sector Outperform at Scotiabank
AR, RRC and CTRA are on my short list of companies that might replace SilverBow.
In September, I expect HH gas prices to move over $2.50
Re: Two "Gassers" drawing some attention
Posted: Tue Aug 20, 2024 10:29 am
by Fraser921
CRK is on my "short list"
In particular names that I am shorting!
Re: Two "Gassers" drawing some attention
Posted: Tue Aug 20, 2024 1:46 pm
by dan_s
CRK is a pure play on "dry gas". Just 1% of its production is NGLs. It has the most exposure to natural gas price risk. I don't recommend shorting it because Jerry Jones is obviously not going to let it go under and if natural gas prices do rebound, CRK has a lot of upside.
AR, RRC and CTRA produce a lot of liquids. The Wall Street Gang seems to like all three.
CTRA has the most crude oil production; 107,200 bopd in Q2. CTRA and RRC also pay dividends.
Re: Two "Gassers" drawing some attention
Posted: Tue Aug 20, 2024 5:37 pm
by Fraser921
Waha has been negative for a long time, Producers have to pay to get rid of it
https://www.aegis-hedging.com/insights/basis-brief-waha-gas#:~:text=August%208%2C%202024%20-%20September%20Waha%20basis%20trades,is%20finished%20on%20GCX%2C%20NGPL%20FM%2C%20and%20PHP.