Savvy Trades and Investments

[2morrowsGains]

SBOW...O&G prices were lower when SBOW gave guidance in Feburary, so hopefully guidance doesn't drop.
Looks like SBOW just hit what might be a bit of support so I added more in the $29.70's. Makes me heavier in the stock than I want to be, so hopefully I get a chance to sell some off after earnings for higher prices. We'll see what happens,

2024 Outlook:

In response to commodity prices, the Company lowered its previously planned capital investments in dry gas-focused areas by approximately $75 million, resulting in a revised 2024 capital program budget of $470 - $510 million

At current commodity prices, the Company expects to generate $125 - $150 million of estimated FCF, which is currently earmarked for significant debt reduction

The Company is maintaining planned investment in oil and liquids projects while keeping oil and liquids production guidance at previously announced levels. Revised capital investments reduce expected natural gas volumes by 13%

Production is expected to increase approximately 50% year-over-year to 85.2 - 93.5 MBoe/d, post-recent acquisition, oil production is expected to increase 70% year-over-year and comprise 25% - 30% of 2024 production mix