A growing narrative shaping the natural gas futures market centers on the anticipated surge in electricity demand driven by AI advancements. It’s clear why this perspective is gaining traction. AI data centers, some proj...

Great Duvernay well results from Spartan Delta, Baytex, and Paramount have us excited about Journey's Duvernay joint venture development, but potential liquidity issues and Journey’s history of production misses and dilu...

Happy New Year! As we enter 2025, we are pleased to provide an update on Journey Energy, whose recent presentation did not adequately address our key concerns. These concerns include significantly elevated operating expe...

Our recent note addressed Journey Energy’s underperformance. We have prepared an update on our perspective on Journey, reflecting changes since Q2, and are pleased to share it here:

In February 2023, we shared a positive perspective on Journey Energy and its management team. Since we shared our perspective, Journey has missed cash flow and production guidance, seen operating expenses rise 50% above ...

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In 2020, the U.S. became a net exporter of crude oil and petroleum products. Despite misconceptions perpetuated in popular media, economic principles suggest that as a net exporter, rising prices for goods that are net e...

Oil Market Update

On Monday February 12th, Diamondback Energy ($FANG, NYSE) announced its acquisition of Endeavor Energy to add to its Permian basin assets. This transaction adds about 357,000 BOEPD and 344,000 net acres to FANG’s asset b...

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