NEW SHORT BIAS - $PR, $MTDR, $CHRD; SMID E&Ps BLACK BOOK

Our Energy team, led by sector head Fernando Valle, is hosting a presentation on New Short Bias names Matador Resources (MTDR), Permian Resources (PR), and Chord Energy (CHRD) on Thursday, September 12th at 12:30 pm ET.

CLICK HERE for access.

CALL INVITE -> Short Bias $PR, $MTDR, $CHRD; SMID E&Ps Black Book - bear chart 02.26.2016

Returns on capital for E&Ps are ultimately a reflection of the quality of the rock they acquired and the price they paid to acquire and develop. In time, we can look back and see considerable value in the deals these players are closing in 2024, but that's only if they're not caught short in the meantime. Matador has the most elevated balance sheet risk for the group. Yes, it's only 1.3x EBITDA, but that's a moving target when WTI just broke below $70-a-barrel and Waha natural gas pricing is negative. We'll go through type-curves and inventory for each of these companies in our Black Book.

We invite you to join us for this presentation.