Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Chord Energy provided a comprehensive update on its financial and operational performance for the second quarter of 2024, reflecting a robust quarter that significantly benefitted from the integration with Enerplus.</li><li>The highlights included strong oil volumes at the top end of guidance and capital expenditure below expectations due to timing adjustments.</li><li>Lease operating expenses also remained favorable, attributed to reduced downtime and lower maintenance costs, contributing to above-expected free cash flow generation.</li></ul>

Chord Energy provided a comprehensive update on its financial and operational performance for the second quarter of 2024, reflecting a robust quarter that significantly benefitted from the integration with Enerplus.The highlights included strong oil volumes at the top end of guidance and capital expenditure below expectations due to timing adjustments.Lease operating expenses also remained favorable, attributed to reduced downtime and lower maintenance costs, contributing to above-expected free cash flow generation.

Chord Energy Corporation: Is Its Leadership In Extended Well Laterals Here To Stay? - Major Drivers

<ul><li>Chord Energy presented robust results for the first quarter of 2024, reflecting notable resilience and capability in its operations and strategic planning.</li><li>During this period, the company successfully managed unexpected challenges due to adverse weather conditions, quickly restoring production levels while ensuring the safety of its operations.</li><li>This adaptability helped Chord Energy achieve oil volumes above the company's expectations, thanks in large part to strong well performance and efficiency gains in their operational cycle times.</li></ul>

Chord Energy presented robust results for the first quarter of 2024, reflecting notable resilience and capability in its operations and strategic planning.During this period, the company successfully managed unexpected challenges due to adverse weather conditions, quickly restoring production levels while ensuring the safety of its operations.This adaptability helped Chord Energy achieve oil volumes above the company's expectations, thanks in large part to strong well performance and efficiency gains in their operational cycle times.

Chord Energy presented robust results for the first quarter of 2024

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.</li>
<li>Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.</li>
<li>The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).</li>
</ul>


Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.
Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.
The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).


ConocoPhillips/Marathon Oil and Shale Consolidation

<ul><li>Chord Energy has recently revealed its business consolidation with Enerplus during their fourth quarter 2023 earnings call.</li><li>The merger will create a premier Williston Basin company, adding significant value to both companies.</li><li>It offers the opportunity to leverage their combined assets, workforce, and best practices towards the operational, financial, and strategic growth of their unified organization.</li></ul>

Chord Energy has recently revealed its business consolidation with Enerplus during their fourth quarter 2023 earnings call.The merger will create a premier Williston Basin company, adding significant value to both companies.It offers the opportunity to leverage their combined assets, workforce, and best practices towards the operational, financial, and strategic growth of their unified organization.

Chord Energy Corporation: Initiation Of Coverage - Will The Enerplus Merger Yield Solid Synergies? - Major Drivers

United States

Chord Energy Corporation operates as an oil and gas exploration company. The Company acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids. Chord Energy serves customers in the United States.

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Chord Energy (CHRD US)

Chord Energy Corporation: Is Its Leadership In Extended Well Laterals Here To Stay? - Major Drivers

Chord Energy provided a comprehensive update on its financial and operational performance for the second quarter of 2024, reflecting a robust...

Baptista Research

Chord Energy presented robust results for the first quarter of 2024

Chord Energy presented robust results for the first quarter of 2024, reflecting notable resilience and capability in its operations and strategic...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

Chord Energy Corporation: Initiation Of Coverage - Will The Enerplus Merger Yield Solid Synergies? - Major Drivers

Chord Energy has recently revealed its business consolidation with Enerplus during their fourth quarter 2023 earnings call. The merger will create...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Chord Energy Corporation: Is Its Leadership In Extended Well Laterals Here To Stay? - Major Drivers

Chord Energy provided a comprehensive update on its financial and operational performance for the second quarter of 2024, reflecting a robust...

Baptista Research

Chord Energy presented robust results for the first quarter of 2024

Chord Energy presented robust results for the first quarter of 2024, reflecting notable resilience and capability in its operations and strategic...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

​Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

Chord Energy Corporation: Initiation Of Coverage - Will The Enerplus Merger Yield Solid Synergies? - Major Drivers

Chord Energy has recently revealed its business consolidation with Enerplus during their fourth quarter 2023 earnings call. The merger will create...

Baptista Research

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...