July 9th, 2021 - In our latest analysis, we take a deep dive into current state of oil inventories and the shift in oil sentiment and price as inventories have drawn down substantially.
Shortages of natural gas have sent pricing at some hubs skyrocketing, which fits into research Bison has been publishing over the past few months.
Sandridge is cheap compared to peers, associated with value destruction despite new management, and is exposed to a huge natural gas price torque.
When Crescent Point turns its 25,000 BOEPD back on, analyst estimates will rise and per-share metrics will shoot higher.
The acceleration of the suburbanization trend due to COVID-19 and its aftermath may have a material, sustainable effect on the global oil supply balance.
Devastation in the oil market is headline news, as oil prices fall by the most since 1991 in response to the failure of OPEC+ and an oil price war by Saudi Arabia.
Two $900+ million asset sales were announced on 9/3/2019. Despite transaction similarities and concurrent timing, valuation differences led the selling companies' share prices to react quite differently.