Amplify: Q3 Earnings Support Bull Case

Nov. 05, 2022 1:20 AM ETAmplify Energy Corp. (AMPY)21 Comments
Rational Expectations profile picture
Rational Expectations


  • Amplify is set to benefit as hedges roll off and Beta returns to operation.
  • A reasonable fair value is $16/share, for over 60% upside.
  • The company does have high torque to energy prices (both positive and negative).

Oil Pumps And Rig At Sunset By The Sea


Amplify Energy (NYSE:AMPY) reported Q3 numbers largely as expected. It's reasonable to expect the shares to trade closer to $16/share as the Beta field comes back online in early Q2 2023.

Pipeline Repair

The pipeline repair is proceeding

This article was written by

Rational Expectations profile picture
Value-oriented ideas and special situations, generally mid/small cap. Also, orphaned and unfashionable investment ideas, ideally with a catalyst and the prospect of asymmetric upside/downside payoffs. Contrarian tendencies. To some extent I'll go anywhere if it's cheap and I'm more influenced by momentum and quality than I used to be.

Disclosure: I/we have a beneficial long position in the shares of AMPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Not intended as investment advice, author's opinion only. Please do your own research or consult a professional. Write up may contain inaccuracies or misstatements. Investing involves risk of total loss. Author's positions may be updated without notice.

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