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Tue, Feb. 16, 4:13 PM
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Nov. 3, 2015, 4:18 PM
- Viper Energy (NASDAQ:VNOM): Q3 EPS of $0.08 beats by $0.02.
- Revenue of $18.77M (-17.6% Y/Y) beats by $1.21M.
Aug. 5, 2015, 5:19 PM
- Viper Energy (NASDAQ:VNOM): Q2 EPS of $0.10 beats by $0.01.
- Revenue of $19.62M (+13.7% Y/Y) beats by $1.29M.
May 26, 2015, 5:43 PM
May 6, 2015, 6:10 PM
- Viper Energy (NASDAQ:VNOM): Q1 EPS of $0.06 beats by $0.01.
- Revenue of $16.55M (+4.4% Y/Y) beats by $1.22M.
Feb. 17, 2015, 4:50 PM
- Viper Energy (NASDAQ:VNOM): Q4 EPS of $0.14 beats by $0.02.
- Revenue of $21.9M misses by $0.22M.
Feb. 17, 2015, 2:59 PM
- Upstream MLPs have outperformed to start 2015, generating average total returns of 10%, but yields have also come down from their peak to ~20% YTD, and Wunderlich analyst Abhishek Sinha thinks the average yield will continue to slip to 12%-14%, as more companies are forced to cut distributions.
- The analyst expects cuts to come from Vanguard Natural Resources (NASDAQ:VNR), Legacy Reserves (NASDAQ:LGCY) and LRR Energy (NYSE:LRE), following the likes of EV Energy Partners (NASDAQ:EVEP), Breitburn Energy Partners (NASDAQ:BBEP) and New Source Energy Partners (NYSE:NSLP).
- Sinha also says he is less concerned that Viper Energy Partners (NASDAQ:VNOM) could be hurt by rig count reductions after parent Diamondback Energy (NASDAQ:FANG) reaffirmed its intentions to continue to run its two-rig program on VNOM’s acreage.
Feb. 4, 2015, 2:44 PM
- Barclays warns that MLPs focused on exploration and production, pressured by high debt levels and weak operating margins, could cut distributions as well as capital spending, with particular concern for oil and gas royalty trusts.
- The firm revises its estimates to reflect lower oil price assumptions in 2015-16, cutting ratings on Enduro Royalty Trust (NYSE:NDRO), Pacific Coast Oil Trust (NYSE:ROYT) and Vanguard Natural Resources (NASDAQ:VNR) to Equal Weight from Overweight; it reinstates Legacy Reserves (NASDAQ:LGCY) at Equal Weight, and reiterates Breitburn Energy (NASDAQ:BBEP), Linn Energy (NASDAQ:LINE), and Memorial Production Partners (NASDAQ:MEMP) at Equal Weight and Viper Energy Partners (NASDAQ:VNOM) at Overweight.
- Barclays notes that average yields for BBEP, LGCY, LINE, MEMP, and VNR have generally ranged from 9%-11% for most of the past five years but are now 14% based on the latest annualized distributions; based on lower oil prices, its distributable cash flow estimates imply average yields of 8%-9% in 2016.
Jan. 13, 2015, 4:49 PM
- Diamondback Energy (NASDAQ:FANG) and its Viper Energy Partners (NASDAQ:VNOM) subsidiary say they are cutting planned 2015 capital spending to $400M-$450M, a 40% reduction from its initial plan, while forecasting 2015 production of 26M-28M boe/day, or ~40% growth vs. the midpoint of its 2014 production.
- FANG says Q4 2014 production rose 25% to 25.7M boe/day from 20.6M in Q3, while full-year 2014 production gained 166% Y/Y to 19.5M boe/day.
Jan. 13, 2015, 12:47 PM
- Traders smelling blood - or oil - in the water have piled into shorts against energy E&P companies, with short interest jumping a total of 12% for the final two weeks of 2014, according to Sterne Agee analysts using NYSE data.
- Oasis Petroleum (NYSE:OAS) led a 45.9% jump in short interest, followed by Pioneer Natural Resources (NYSE:PXD) with a 45.2% increase and Chesapeake Energy (NYSE:CHK) short growth of 31.9%.
- Sterne Agee energy analyst Tim Rezvan thinks the shorts are on the right side of the oil trade for the foreseeable future, believing a break below $40/bbl "wouldn't be a surprise in the short term."
- Short positions did not increase for all companies, as short growth fell for Viper Energy Partners (NASDAQ:VNOM), Callon Petroleum (NYSE:CPE), Energen (NYSE:EGN) and PetroQuest Energy (NYSE:PQ), among others.
Sep. 29, 2014, 12:26 PM
- Encana’s (ECA +2.3%) takeover of Athlon Energy (ATHL +24.6%) is good news for Diamondback Energy (FANG +2.3%) and Energen (EGN +2.2%), according to analysts at Sterne Agee.
- The acquisition implies a value of $98/share for FANG, Sterne says, based on FANG's 85K net acre leasehold position, estimated 19.8K boe/day of Q3 production, $585M of assumed debt, and a $1.7B market value for the Viper Energy Partners (NASDAQ:VNOM) units it owns.
- The firm sees even more upside for EGN, as ECA’s price implies a value of $102/share for EGN, based on 180K net acres across both sides of the Permian Basin, 48K boe/day of Q3 Permian Basin production, 132M cfe/day of Q3 San Juan Basin, and $835M of pro forma net debt as of Sept. 30.
- Permian producers Laredo Petroleum (LPI +5%), Parsley Energy (PE +5%) and RSP Permian (RSPP +4.8%) also are higher following the acquisition news.
Sep. 15, 2014, 6:19 PM
- Viper Energy Partners' (NASDAQ:VNOM) 3.5M-share offering prices at $28.50/unit, matching VNOM's Monday closing price and a 5.2% discount to its Friday close, the last close before the MLP announced the share sale.
- VNOM, a unit of driller Diamondback Energy (NASDAQ:FANG), is one of few MLPs focused on owning mineral rights, which entitle it to royalties sales of oil and gas drilled beneath Texas' Permian Basin region.
- VNOM units have cooled since their June trading debut but are still 9.6% above the IPO offer price.
Viper Energy Partners LP engages in the provision of oil exploitation. The company owns, acquires and exploits oil and natural gas properties in North America. Its activities also include acquisition, holding of any corporation, partnerships, joint venture as well as limited liability. The... More
Sector: Basic Materials
Industry: Independent Oil & Gas
Country: United States
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