krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…
grandriver In our view, Texas Pacific Land Corporation (NYSE:TPL) presents a unique and compelling investment opportunity. The company’s diverse revenue streams, which include oil and gas royalties, water sales and royalties, and surface-related income, provide exposure to increased development within the Permian region while mitigating the risks associated with direct oil and gas production. TPL’s…
zhengzaishuru Based on Riley Exploration Permian’s (NYSE:REPX) guidance, it may be able to generate $119 million in free cash flow in 2024 at current strip prices, while also growing production by mid-to-high single digits from 2H 2023 levels. I last looked at Riley back in September 2023, and I am upgrading it from a hold…
bjdlzx Riley Exploration Permian (NYSE:REPX) would be considered a family-run company, as family members are in enough key positions to really control the company. Now, this is a relatively new company. But the Riley family has a long oil and gas history. Family-owned companies are generally conservatively run. That makes the sizable amount of debt…
grandriver Over the past year or so, there has been a flurry of merger and acquisition activity in the oil and gas exploration and production market. What’s interesting is that, despite having many different oil and gas producing regions across the nation, both onshore and offshore, one small region has been the source of much…
da-kuk/E+ via Getty Images Thesis Midstream companies typically offer a compelling and stable dividend growth engine. These stocks are some of the most popular on Seeking Alpha as they are excellent choices for income seeking investors. In this article, I want to take a higher level and systematic approach to the midstream sector. As I…
Artur Didyk/iStock via Getty Images Thesis Devon Energy (NYSE:DVN) has had it rough lately, down 8% to start the year after being down over 30% in 2023. I have written several bullish articles on DVN over the course of 2023 and the stark difference in price performance between it and peers is puzzling. To challenge…
Bim Investment Rundown In 2024 I think one of the best parts in the market to look at is small caps. A theme tends to be that sectors or parts of the market that were losers in one year are somewhat likely to be winners the next. One such company I am looking at right…
kyletperry Enterprise Products Partners (NYSE:EPD) has laid out a significant growth trajectory in the Permian Basin as they bring online their new gathering and processing systems in the Midland and Delaware Basins. Though the near-term outlook for the hydrocarbons industry looks flat for 2024, production growth in the basin creates a bright spot for firms…
mysticenergy APA Corporation (NASDAQ:APA), the holding company for what many recognize as Apache Resources/Corp is an oil and gas exploration company with a market cap of $13 billion. The company is led by CEO John Christmann who has been the CEO since 2015. Since 2008-09, the company has performed rather dismally. The stock reached a…
grandriver Permian Resources (NYSE:PR) is an oil and gas exploration company solely focused on the Permian Basin. Before I begin, let me warn you not to look at the price of Permian Resources following oil’s crash in 2020. It reached a low in 2020 of 30 cents. Today, the company trades around $13 per share…
zhengzaishuru Earthstone Energy (NYSE:ESTE) is being acquired by Permian Resources (NYSE:PR) for approximately $4.5 billion (including the assumption of net debt). This will create a combined company with approximately 300,000 BOEPD in production and over 400,000 Permian net acres. Both companies have grown substantially through acquisitions/mergers over the years. My standalone valuation estimate for Earthstone…
Riley Exploration Permian, Inc. (NYSE:REPX) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET Company Participants Philip Riley – CFO and EVP of Strategy Bobby Riley – Chairman and CEO Kevin Riley – President Conference Call Participants Neal Dingmann – Truist Securities Noel Parks – Tuohy Brothers Jeff Robertson – Water Tower Research…
Permian Resources Corporation (NYSE:PR) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Hays Mabry – Senior Director, Investor Relations Will Hickey – Chief Executive Officer James Walter – Chief Executive Officer Guy Oliphint – Chief Financial Officer Matt Garrison – Chief Operating Officer Conference Call Participants Neal Dingmann – Truist…