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 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

APA Corporation operates as an oil and gas company. The Company focuses on exploration and production of oil and gas properties. APA serves clients worldwide.

Range Resources Corporation is an independent oil and gas company  that explore, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States.

Antero Resources Corporation explores, develops, and produces oil and natural gas. The Company focuses on the acquisition, development, and production of unconventional oil and liquids-rich natural gas properties. Antero Resources serves customers in the United States.

Chesapeake Energy Corporation produces oil and natural gas. The Company's operations are focused on discovering, developing, and acquiring conventional and unconventional natural gas reserves onshore in the United States.

Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States.  The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.

Matador Resources Company  is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources.   The Company's operations are primarily in the Eagle Ford Shale in south Texas and the Haynesville Shale and Cotton Valley in northwest Louisiana and east Texas.

Civitas Resources, Inc. operates as an oil and natural gas company. The Company focuses on developing and producing crude oil, natural gas, and natural gas liquids in Colorado's Denver-Julesburg (DJ) Basin. Civitas Resources serves customers in the United States.

Permian Resources Corporation operates as an oil and gas company. The Company focuses on the development of unconventional oil and associated liquid-rich natural gas reserves in the Permian Basin, as well as offers geology, engineering, and drilling services. Permian Resources serves customers in the United States.

Sunoco LP distributes motor fuel to convenience stores, independent dealers, commercial customers, and distributers. The Company also operates convenience stores and retail fuel sites. Sunoco is located in the United States.

Plains All American Pipeline, L.P. is involved in intrastate crude oil pipeline transportation and terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX, and an oil gathering system in CA.

Plains All American Pipeline, L.P. (PAA US)

Idemitsu Kosan Co., Ltd. explores, imports, refines, and distributes petroleum and its related products.  The Company also manufactures and sells petrochemical products.

China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.

Origin Energy Limited is an integrated energy company. The Company is an energy retailer in Australia across electricity, gas and LPG. Origin Energy also holds a generation portfolio and fuel position and a renewable energy portfolio, as well as unconventional gas and LNG interests.

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

Washington H. Soul Pattinson & Company Limited is an investment holding company. The Company owns shares and properties, coal mining, bulk handling, commercial television licensee, telecommunications carrier, merchant banking, funds management, pharmaceutical retailing, manufacture, processing and marketing of biscuits and cakes.

Washington H. Soul Pattinson and Co. Ltd (SOL AU)

Kunlun Energy Company Ltd, through its subsidiaries, explores and produces crude oil and natural gas in China.

China Merchants Energy Shipping Co., Ltd. mainly engages in the Ocean Shipping of Crude Oil and other energy sources such as Coal and Iron Ore. Through its subsidiary CLNG, the Company also provides the Ocean Shipping service of Liquefied Natural Gas.

PT Dian Swastatika Sentosa Tbk generates electricity and steam.  The Company owns  and operates coal- and gas-fired plants.

Hindustan Petroleum Corporation Limited refines crude oil and manufactures petroleum and petroleum products. The Company's products, which are sold via outlets throughout India, include lube products, lubricating oil, aviation fuel, hydraulic brake fluid, greases, liquefied petroleum gas and insecticides. The Government of India is the majority shareholder in the company.

Oil India Ltd. explores, develops, and produces crude oil and natural gas in India and internationally. The Company is also involved in the transportation of crude oil, production of liquefied petroleum gas, pipeline services, as well as various exploration and production related services.

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 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 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...