Viewer's Choice

[littlejohn]

VTLE posted +6.89 versus -5.18 year ago

results...

2023 results are more realistic...

NON-Gaap numbers posted everywhere

of +4.50 versus +5.17 year ago

are highly misleading...

Year ago quarter saw LPI/VTLE pay out

about $125 million from revenue due

to their quarterly hedging loss...

2nd quarter of 2022 had even larger

cash paid out from revenue due to

even larger quarterly hedging loss...

1st quarter, 2023 included about

$20 million gain on hedges or about

$1.15/share or so versus about

roughly $365 million hedge loss

recorded in 1st quarter, 2022, which

saw a lot of realized loss from hedging

in 2nd and 3rd quarter of 2022...

https://finance.yahoo.com/news/vital-energy-reports-first-quarter-201500035.html


VTLE should probably defer one well

drill a little longer and take advantage

of the sale on company shares now

with increasing share buy backs...

That almost $200 million of reserves

added to oil/gas assets in 1st quarter

won't spoil...

Buy back cheap stock, pay down more

debt, or drill more with oil/natural gas

prices lower...

decisions, decisions...rough on

companies making money...


So we watch...LJ