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

<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

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>ECB Delivers 'Hawkish' Rate Cut Amid Revised Inflation and Growth Projections</li>
<li>Devon Energy Missed Out on the US Oil and Gas Mega-Deal Wave</li>
<li>Salesforce to Launch Flagship AI Center in London, Part of $4 Billion UK Investment</li>
</ul>


ECB Delivers 'Hawkish' Rate Cut Amid Revised Inflation and Growth Projections
Devon Energy Missed Out on the US Oil and Gas Mega-Deal Wave
Salesforce to Launch Flagship AI Center in London, Part of $4 Billion UK Investment


#13Business Buzz: ECB's 'Hawkish' Rate Cut, Nvidia's $3 Trillion Market Value, Salesforce AI Center

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

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

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

#13Business Buzz: ECB's 'Hawkish' Rate Cut, Nvidia's $3 Trillion Market Value, Salesforce AI Center

ECB cuts rates despite improved economic outlook; Devon Energy misses out on industry consolidation; Salesforce invests in AI center in London as...

Nimish Maheshwari

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

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

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

#13Business Buzz: ECB's 'Hawkish' Rate Cut, Nvidia's $3 Trillion Market Value, Salesforce AI Center

​ECB cuts rates despite improved economic outlook; Devon Energy misses out on industry consolidation; Salesforce invests in AI center in London as...

Nimish Maheshwari

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

ECB cuts rates despite improved economic outlook; Devon Energy misses out on industry consolidation; Salesforce invests in AI center in London as...

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