Vital Energy Inc (VTLE)

[littlejohn]

VTLE $48, LPI at about $59/share book value

at 3rd, quarter, 2022 end...

About $100 million of debt repurchased

and reduced in 4th quarter, 2022 per

latest Investor Presentation...

Could add about $6/share more book value...

https://investor.vitalenergy.com/static-files/da3f9dbf-cd2c-4ca2-bb42-edfdb1964b64

year end 2022 annual adjustments for

oil/gas pricing will adjust book value...

$20 per share net earnings were reported

for 3rd quarter, 2022...reducing derivative

changes would convert to about $14/share...

hard to guess where derivative changes move...

$14/share quarterly earnings on annual

basis yields about $56/share projected earnings

without derivatives,,,

or 1 p/e at $56/share for $56/share earnings...

Minimal earnings were recorded in 3rd, quarter,

2022 for the asset sale reported...

https://www.otcmarkets.com/filing/html?id=16175536&guid=_Xs-kqrcf5u4MVh

$337 million more of net earnings for 4th

quarter of 2022 would be nice to see like

came in 3rd quarter, 2022, but the share

price reflects much lower expectations...

Could be some foggy mirror thingies causing

those low expectations though...

Should still be plenty of money in the coffers

to fund buying back cheap shares now too...

Investor Presentation...
#WAHA gas prices reported for 4th quarter

of 2022 were a relief to see after the Port

shut in on the coast had energy sector

holders fretting over that item, hopefully

similar prices were averaged by others...


So we watch...LJ