Elephant Analytics, Seeking Alpha

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Recent articles by Elephant:

Laredo Petroleum: Leech Package Underperformance Trims Its Value

Laredo's Leech wells have underperformed, with early oil production results tracking 70% below its other recent Central Howard wells. → Read More

Berry Corporation (BRY): Working Capital Changes To Have Less Impact On Q2 Dividends

Berry Corporation should be able to pay an average quarterly variable dividend of $0.50 per share related to 2022 results, excluding the effect of working capital changes. → Read More

Obsidian Energy (OBE): Addresses Its Near-Term Debt Maturities

Obsidian's debt refinancing takes care of its near-term debt maturity issues. It is projected to end 2023 with a net cash position based on current strip. See why I rate OBE as a buy. → Read More

Black Stone Minerals (BSM): Distributable Cash Flow May Exceed $500 Million In 2023

Black Stone should benefit from surging natural gas prices. Hedging losses will have an impact on 2022 results. See why BSM's 2023 distributable cash flow may be significantly higher. → Read More

Dorchester Minerals: Strong Production Growth Enhances Its Value

Dorchester Minerals' Q1 2022 oil sales and natural gas sales volumes were 22% and 14% higher than Q4 2021, respectively. See why I'm bullish on DMLP stock. → Read More

Gulfport Energy (GPOR): Increased $200 Million Share Repurchase Program

Gulfport increased its share repurchase program from $100 million to $200 million and is projected to generate ~$1 billion in positive cash flow in 2022. See why we rate GPOR as a buy. → Read More

Meta Materials: Equity Offering Gives It Funding Into 2023 (NASDAQ:MMAT)

Meta Materials raised $50 million in gross proceeds via an equity offering. Read what to know about MMAT stock here. → Read More

Ring Energy: Rising Interest Rates Shouldn't Be A Major Issue

Ring Energy's long-term debt has a variable rate. I estimate that Ring could generate $83 million in positive cash flow in 2023. → Read More

Denbury Resources: Carbon Solutions Business May Provide Significant Upside (DEN)

Denbury has minimal net debt and may generate ~$300 million in cash flow in 2022. Read to know more how Denbury's Carbon Solutions business may provide significant revenues in the future. → Read More

SM Energy Stock: Debt Reduction Plans Progressing Well (NYSE:SM)

SM Energy is in the process of redeeming its notes. Read about how SM could end up with ~$1B in net cash by end of 2023 without any changes to shareholder returns. → Read More

Continental Resources: Assessing Its Value After Harold Hamm's $70 Per Share Offer

Continental Resources (CLR) received a non-binding offer from Harold Hamm to take the company private at $70 per share. Check out my estimated value for CLR. → Read More

Antero Resources: A Huge Amount Of Near-Term Cash Flow Generation Potential

Antero (AR) is projected to generate over $3.2 billion in positive cash flow in 2022 at current strip. Find out what would be a favorable scenario for AR stock. → Read More

Obsidian Energy (OBE): Increased Production Volumes From Heavy Oil And Viking Wells

Obsidian has bumped up its 2022 production guidance by 1,200 BOEPD (from initial guidance) due to increased heavy oil production. Click here to know more why I rate it as a Buy. → Read More

Northern Dynasty Minerals: EPA Proposes To Veto Pebble Mine (NYSE:NAK)

The EPA has proposed to ban mining waste disposal around the proposed Pebble site. This would be an effective veto on the project. → Read More

Wayfair (W): A Return To Negative Adjusted EBITDA And Free Cash Flow

Wayfair managed to deliver positive adjusted EBITDA and free cash flow in 2020 and 2021. Click here to know more about its margins, revenue growth and why I rate it as a Hold. → Read More

Battalion Oil: Caracara Services JV Helps Improve Cost Structure (BATL)

Battalion entered into a JV agreement with Caracara Services to develop an acid gas treatment and carbon sequestration facility. Click here to know why I rate this high-risk stock as a buy. → Read More

Oasis Petroleum And Whiting Petroleum Head Towards Their Merger

Oasis and Whiting are holding a special meeting of shareholders on June 28 to vote on the deal. The merger will create one of the largest Williston Basin operators. Click here to know more. → Read More

Ranger Oil (ROCC): Bolt-On Acquisitions Add To Its Production

Ranger added around 1,000 BOEPD in current production for $64 million in cash via bolt-on acquisitions. Click here to know why ROCC appears to be fairly priced for the long term. → Read More

Comstock Resources (CRK): May Reduce Its Net Debt To Under $300 Million By End Of 2023

Comstock is projected to generate over $1 billion in positive cash flow in 2022 at current strip. Click here to know why I rate it as a Buy. → Read More

Pioneer Natural Resources (PXD): Appears Fairly Priced For Long-Term Mid-$70s WTI Oil

Pioneer may generate close to $10 billion in positive cash flow in 2022 at current strip. At long-term $75 WTI oil, it may generate $22 per share in FCF. Click here to know why it's a Hold. → Read More