Oil prices remain firmly above
Tightened supply has coincided with increased demand as COVID-19 subsides, creating a cocktail of opportunity for all involved in the extraction of '
The rising prices of oil have created increased fundamental valuation for securities in the sector. Permian-based stocks could be the biggest beneficiaries of this boost in value.
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Both the Green Lease and
GREEN LEASE:
Post Ukraine Conflict Value (
Post Ukraine Conflict Value (
The current market conditions have increased the value of these two leases by 140%. Around the time of the report, AGYP's share price was at
Considering the company's reserves are much more valuable now, and AGYP is currently producing, this represents value potential for investors. Before, the assessment represented 'potential', now the company is selling its oil, with oil prices near highs, this could mean a major bump in the company's bottom line.As more investors seek Permian plays with profit potential, AGYP will certainly draw interest.
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-Reported net income of
-Net income for full year 2021 was
-Posted Adjusted Net Income1 of
-Adjusted Net Income for the full year 2021 was
REI projects it will sell between 7,200 and 7,400 barrels of oil daily in Q1. Considering it has been a record quarter for oil prices, investors may be anxious to see if these numbers come to fruition.
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-For the full year 2021, CDEV generated net cash from operating activities of
-CDEV reported full-year net income of
-Entered into a new
CDEV plans to double its free cash flow in 2022 to
Other Permian plays with profit potential include
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