Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul><li>Near-term development (NTD) acquisitions closed in 1H24 are expected to add significant production volumes in 4Q24 and early in 2025.</li><li>So far this year, Vitesse has closed acquisitions that will result in more than $40 million of development capital expenditures, most of which is expected to be incurred in 2H24.</li><li>Successful execution of the NTD acquisition program and organic growth from development on Vitesse’s existing acreage in the Bakken drove total production gains of 8% Q/Q and 19% Y/Y in 2Q24.</li></ul>

Near-term development (NTD) acquisitions closed in 1H24 are expected to add significant production volumes in 4Q24 and early in 2025.So far this year, Vitesse has closed acquisitions that will result in more than $40 million of development capital expenditures, most of which is expected to be incurred in 2H24.Successful execution of the NTD acquisition program and organic growth from development on Vitesse’s existing acreage in the Bakken drove total production gains of 8% Q/Q and 19% Y/Y in 2Q24.

Vitesse Energy, Inc. - NTD Acquisitions to Add Volumes in 4Q24/FY25