Thanks for the article. Curious if you have any thoughts on how the lack of emphasis on production growth dovetails with a name like $SMLP (relevant SA link below) which owns gathering assets. Basically it got crushed after issuing low guidance for '22, but based on your article, it seems like 2022 was never going to be a big year for new wells/connections anyway. They have also fairly recently brought on a new mgmt team, refi'd, and had also done a pref for common exchange a few months back - I'm guessing these guys were indiscriminately selling on the bearish guidance, and the combination of all these factors make this setup seem very familiar/interesting to me given persistent shortages will need to be solved by more production in 2023+. That being said, not an experienced in energy so would appreciate any thoughts (kill the idea if you hate it - would certainly rather be wrong now than after putting $ to work).
Excellent article
Great work. Very informative as always
Thanks for the article. Curious if you have any thoughts on how the lack of emphasis on production growth dovetails with a name like $SMLP (relevant SA link below) which owns gathering assets. Basically it got crushed after issuing low guidance for '22, but based on your article, it seems like 2022 was never going to be a big year for new wells/connections anyway. They have also fairly recently brought on a new mgmt team, refi'd, and had also done a pref for common exchange a few months back - I'm guessing these guys were indiscriminately selling on the bearish guidance, and the combination of all these factors make this setup seem very familiar/interesting to me given persistent shortages will need to be solved by more production in 2023+. That being said, not an experienced in energy so would appreciate any thoughts (kill the idea if you hate it - would certainly rather be wrong now than after putting $ to work).
https://seekingalpha.com/article/4493808-summit-midstream-conservative-fy-2022-guidance
You sir publish wonderful content. Thank you!