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>Ovintiv has been making headlines recently as it is rumored to have been approached by Coterra Energy for a potential takeover.</li><li>While this creates buzz, Ovintiv’s position in the market makes it a compelling acquisition target for strategic buyers like Coterra and others.</li><li>The company's operational execution has been solid, as evidenced by its recent earnings beat, with Ovintiv reporting strong production figures and significant free cash flow generation.</li></ul>

Ovintiv has been making headlines recently as it is rumored to have been approached by Coterra Energy for a potential takeover.While this creates buzz, Ovintiv’s position in the market makes it a compelling acquisition target for strategic buyers like Coterra and others.The company's operational execution has been solid, as evidenced by its recent earnings beat, with Ovintiv reporting strong production figures and significant free cash flow generation.

Ovintiv: A Prime Acquisition Target for Coterra Energy?

<ul><li>Ovintiv recently announced results for its second quarter of 2024, highlighting continued success in execution, free cash flow generation, and shipment of shareholder returns.</li><li>The North American energy producer has reported a net earnings of $340 million and an impressive cash flow exceeding $1 billion, outdoing consensus estimates.</li><li>This performance is underscored by a production outperformance on both oil and natural gas, as well as cost efficiencies.</li></ul>

Ovintiv recently announced results for its second quarter of 2024, highlighting continued success in execution, free cash flow generation, and shipment of shareholder returns.The North American energy producer has reported a net earnings of $340 million and an impressive cash flow exceeding $1 billion, outdoing consensus estimates.This performance is underscored by a production outperformance on both oil and natural gas, as well as cost efficiencies.

Ovintiv Inc.: Strategic Infrastructure Utilization and Expansion! - Major Drivers

<ul><li>Ovintiv's first quarter of 2024 showcases a positive momentum, achieving net earnings of $338 million and generating substantial free cash flow of $444 million.</li><li>The company's performance exceeded its initial targets, with cash flow per share standing at $3.80, surpassing consensus estimates.</li><li>Encouraged by strong productivity and an advantageous oil price environment, Ovintiv raised its production guidance for the full year to about 206,000 barrels per day for oil and condensate, maintaining its capital expenditure forecast at $2.3 billion.</li></ul>

Ovintiv's first quarter of 2024 showcases a positive momentum, achieving net earnings of $338 million and generating substantial free cash flow of $444 million.The company's performance exceeded its initial targets, with cash flow per share standing at $3.80, surpassing consensus estimates.Encouraged by strong productivity and an advantageous oil price environment, Ovintiv raised its production guidance for the full year to about 206,000 barrels per day for oil and condensate, maintaining its capital expenditure forecast at $2.3 billion.

Ovintiv Inc.: How Are They Progressing With Their Strategic Asset Optimization! - Major Drivers

<ul><li>This is our first report on Ovintiv Inc, a leading producer of oil, condensate, and natural gas.</li><li>The company's fiscal performance in 2023 was commendable, with its operational success translating into stellar financial results, a net income of $2.1 billion, and a cash flow of $3.9 billion.</li><li>The company's capital investment during the year was $2.7 billion, generating a free cash flow of around $1.2 billion.</li></ul>

This is our first report on Ovintiv Inc, a leading producer of oil, condensate, and natural gas.The company's fiscal performance in 2023 was commendable, with its operational success translating into stellar financial results, a net income of $2.1 billion, and a cash flow of $3.9 billion.The company's capital investment during the year was $2.7 billion, generating a free cash flow of around $1.2 billion.

Ovintiv Inc.: Initiation Of Coverage: 4 Biggest Factors Driving Its Growth! - Financial Forecasts

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

Ovintiv Inc. operates as an energy producer. The Company focuses on developing its multi-basin portfolio of oil, natural gas liquids, and natural gas producing plays. Ovintiv serves clients in the United States and Canada.

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Ovintiv (OVV US)

Ovintiv: A Prime Acquisition Target for Coterra Energy?

Ovintiv has been making headlines recently as it is rumored to have been approached by Coterra Energy for a potential takeover. While this creates...

Baptista Research

Ovintiv Inc.: Strategic Infrastructure Utilization and Expansion! - Major Drivers

Ovintiv recently announced results for its second quarter of 2024, highlighting continued success in execution, free cash flow generation, and...

Baptista Research

Ovintiv Inc.: How Are They Progressing With Their Strategic Asset Optimization! - Major Drivers

Ovintiv's first quarter of 2024 showcases a positive momentum, achieving net earnings of $338 million and generating substantial free cash flow of...

Baptista Research

Ovintiv Inc.: Initiation Of Coverage: 4 Biggest Factors Driving Its Growth! - Financial Forecasts

This is our first report on Ovintiv Inc, a leading producer of oil, condensate, and natural gas. The company's fiscal performance in 2023 was...

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Ovintiv: A Prime Acquisition Target for Coterra Energy?

Ovintiv has been making headlines recently as it is rumored to have been approached by Coterra Energy for a potential takeover. While this creates...

Baptista Research

Ovintiv Inc.: Strategic Infrastructure Utilization and Expansion! - Major Drivers

Ovintiv recently announced results for its second quarter of 2024, highlighting continued success in execution, free cash flow generation, and...

Baptista Research

Ovintiv Inc.: How Are They Progressing With Their Strategic Asset Optimization! - Major Drivers

Ovintiv's first quarter of 2024 showcases a positive momentum, achieving net earnings of $338 million and generating substantial free cash flow of...

Baptista Research

Ovintiv Inc.: Initiation Of Coverage: 4 Biggest Factors Driving Its Growth! - Financial Forecasts

This is our first report on Ovintiv Inc, a leading producer of oil, condensate, and natural gas. The company's fiscal performance in 2023 was...

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

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