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>Civitas Resources provided a detailed overview of its operations and financial results during the second quarter of 2024 earnings.</li>
<li>The company, having undergone significant structural transformations, particularly with its strategic entry into the Permian Basin, demonstrated notable advancements in operational efficiencies and financial performance.</li>
<li>Civitas Resources has demonstrated robust operational success, particularly in integrating and optimizing its Permian assets, which are now producing over 185,000 barrels of oil equivalent per day.</li>
</ul>


Civitas Resources provided a detailed overview of its operations and financial results during the second quarter of 2024 earnings.
The company, having undergone significant structural transformations, particularly with its strategic entry into the Permian Basin, demonstrated notable advancements in operational efficiencies and financial performance.
Civitas Resources has demonstrated robust operational success, particularly in integrating and optimizing its Permian assets, which are now producing over 185,000 barrels of oil equivalent per day.


Civitas Resources: How Are They Leveraging Technological Advancements and Operational Innovations?

<ul>
<li>Civitas Resources' latest 4Q 2023 earnings unpacked the company's robust financial and operational results, strategic progress, capital allocation policy, and its attractive outlook for 2024.</li>
<li>Civitas has successfully executed numerous strategic changes over the past year, aiming to diversify, scale and strengthen its business.</li>
<li>The team successfully entered a second world-class basin, the Permian, through three different large-scale transactions and compelling valuations.</li>
</ul>


Civitas Resources' latest 4Q 2023 earnings unpacked the company's robust financial and operational results, strategic progress, capital allocation policy, and its attractive outlook for 2024.
Civitas has successfully executed numerous strategic changes over the past year, aiming to diversify, scale and strengthen its business.
The team successfully entered a second world-class basin, the Permian, through three different large-scale transactions and compelling valuations.


Civitas Resources: The 4 Fundamental Aspects Fueling Its Growth Uncovered!

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

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the September 2023 Rebalance.</li>
<li>I currently see one change for the F100 index and two separate changes for the F250 index.</li>
<li>There are several names lurking just outside the borders and could be involved in index changes in September 2023 if there are sharp price changes.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the September 2023 Rebalance.
I currently see one change for the F100 index and two separate changes for the F250 index.
There are several names lurking just outside the borders and could be involved in index changes in September 2023 if there are sharp price changes.


Quiddity Leaderboard for F100/​​250 Sep 2023: One F100 Change and Two F250 Changes Likely

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

California Resources  / Technical Analysis

<ul>
<li>We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.</li>
<li>We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.</li>
<li>Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.</li>
</ul>


We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.
We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.
Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.


ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

United States

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.

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Civitas Resources (CIVI US)

Civitas Resources: How Are They Leveraging Technological Advancements and Operational Innovations?

Civitas Resources provided a detailed overview of its operations and financial results during the second quarter of 2024 earnings.

Baptista Research

Civitas Resources: The 4 Fundamental Aspects Fueling Its Growth Uncovered!

Civitas Resources' latest 4Q 2023 earnings unpacked the company's robust financial and operational results, strategic progress, capital allocation...

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

Quiddity Leaderboard for F100/250 Sep 2023: One F100 Change and Two F250 Changes Likely

Hikma Pharmaceuticals and Johnson Matthey could be F100 ADD and DEL respectively. Alfa Financial Software and 888 holdings could be F250 ADDs while...

Janaghan Jeyakumar, CFA

ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

Institutional investors often face ESG-related problems when it comes to Energy, and today’s recommendations aim to remedy the issue. We are buyers...

Vermilion Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Civitas Resources: How Are They Leveraging Technological Advancements and Operational Innovations?

Civitas Resources provided a detailed overview of its operations and financial results during the second quarter of 2024 earnings.

Baptista Research

Civitas Resources: The 4 Fundamental Aspects Fueling Its Growth Uncovered!

Civitas Resources' latest 4Q 2023 earnings unpacked the company's robust financial and operational results, strategic progress, capital allocation...

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

Quiddity Leaderboard for F100/​​250 Sep 2023: One F100 Change and Two F250 Changes Likely

Hikma Pharmaceuticals and Johnson Matthey could be F100 ADD and DEL respectively. Alfa Financial Software and 888 holdings could be F250 ADDs while...

Janaghan Jeyakumar, CFA

ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

Institutional investors often face ESG-related problems when it comes to Energy, and today’s recommendations aim to remedy the issue. We are buyers...

Vermilion Research

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

Quiddity Leaderboard for F100/250 Sep 2023: One F100 Change and Two F250 Changes Likely