Replies to post #14499 on Viewer's Choice

[littlejohn]

Normal pre Mother's Day gas price pump

again this year...

May have drawn some rebound

buying off recent lows,

that still seem pricey...

So we watch...LJ

[littlejohn]

VTLE presentation link for 1st quarter, 2024...

https://investor.vitalenergy.com/static-files/f784c857-db8f-4bd5-a2ef-bf719bbef176

page 18 shows about...

36.6 million shares out for 03/31/24
versus
16.7 million shares out for 12/31/2022...

page 10 show about...

97% of anticipated oil production hedged

for 2024 now and about 40% natural gas...

page 13 shows production guidance and

estimates on 2nd quarter pricing...

They are estimating falling oil and rising

natural gas prices...

Brave way to estimate while counting on

Industry targets for the higher natural gas

pricing going into summer lull period...

VTLE increased dilution in 2023 to go after

more liquids production...

My view is that Industry projections may be

rosy for natural gas prices at cash market...

Mr. Market still to determine if the moves

are valid for the higher P/E ratio that the

share price is selling at now...

This review is now from Watch mode...

So we watch...LJ

[littlejohn]

Inflation is generally boosted more from

higher natural gas prices than the

oil price at production levels...

peon thesis on this, more or less...

https://www.barchart.com/futures/energies

Higher natural gas price now than in

first quarter is an Inflation flag watch...

Oil Industry targets can be lowered...

So we watch...LJ