January 6, 2024
…$7.25 on a weighted average basis. We have received ~95 responses as of Saturday at ~17:00. This survey is also live on several Social Media platforms and results continue to come in. We will continue to…
January 5, 2024
Please see our previous notes for additional information: (1. APA/ CPE: And Here I Thought APA May Have Had a Chance to Finish in the Green Today…; and 2. Early Feedback on ‘APA for CPE’…
January 4, 2024
…but the call was kind of ‘meh’. Too many subjective statements around inventory depth (‘great’ and ‘deep’ and ‘accretive’ etc) and future production plans. Investment banking teams, maybe next time prep your management teams ahead…
January 4, 2024
First Week of 2024, First Deal. APA for CPE. All equity deal and implied ~15% premium for CPE based on closing prices as of January 3rd. APA down ~4.85% pre-market with CPE up ~5.05. Call…
January 2, 2024
Overall notable w/w changes (Active ‘SOL’) utilization: Higher (Bearish): TRP/ SUN/ UAN/ PAA/ MAXN/ CPE/ TTE/ RNGR/ NRG/ PCG Lower (Bullish): TELL/ ENLC/ STEM/ NPWR/ SPWR/ VTLE/ CVI/ NBR/ SDRL/ HE **Excel Data for ~200 Corporates + Historical…
December 31, 2023
Happy New Year All! We have made some slight tweaks to the categories (see below) and we have added a short summary descriptions for each news headline we include. We realize this is a lot of…
December 30, 2023
Sharing some general feedback within and tying up some of the moving pieces around the ‘Bull vs. Bear’ debate. TRGP is in a position to potentially increase FCF by~400% from 2023E to 2025E versus large…
December 29, 2023
Our one pager… Own Integrateds/ Majors. I’m not bullish oil. I know I will get some hate mail here but there will be a decent amount of incremental South American production. OPEC has a large spare…
December 28, 2023
Thx to the almost 200 responses already! This is on track to be the highest participation survey yet… This will be your last ‘freebie’ for 2023. I plan to have results first week of January….
December 27, 2023
Our stock call on this: Own KMI. This is no knock on WMB but at a 6.3% dividend yield (vs. WMB at ~5.1%) and a ~23% and 14% discount on earnings and EBITDA, respectively, we…
December 26, 2023
**Excel Data for ~200 Corporates + Historical Numbers Available Upon Request*** See within for key stock & sector observations. We have also identified implied pair trades based on some of the moves in w/w short…
December 24, 2023
Happy Holidays! We have made some slight tweaks to the categories (see below) and we have added a short summary descriptions for each news headline we include. We realize this is a lot of information…
December 24, 2023
Happy Holidays! We have made some slight tweaks to the categories (see below) and we have added a short summary descriptions for each news headline we include. We realize this is a lot of information…
December 20, 2023
All closing prices are marked as of 16:00, Monday December 18th. Please see within of detailed performance breakouts. We will be a publishing a more detailed piece over the next few days going over our…
December 19, 2023
Realize some folks don’t like the EIA (or IEA) data, but the new drilling productivity report got released yesterday. Link below. LINK TO EIA REPORT: December 2023 EIA Drilling Productivity Report We generally find the m/m revisions…