Walnut Ave Value
Value Investor & Writer
Greenfire Resources is cheap, has growth ahead of it and will do more acquisitions. Per @NoonHillCapMgmt, it trades at about 4x 2027 adjusted EBITDA of C$470M at $70 WTI on a C$2.75B enterprise value, which hedges can lock in, and management believes it can double production. It trades at about 81k per flowing barrel versus Athabasca's 150k for similar production and growth. x.com
Vista Energy grows over 20% yet trades at about 10x earnings, while most big oil companies trade at 20-25x with single-digit growth. It also works as an oil hedge. x.com x.com
Diamondback Energy looks cheap against its sales at $189.27. Fair value is $197.99 to $251.99, about 5x mid-cycle sales give or take 12%, and it only becomes expensive above $313.49; trailing and forward reads differ by 40%, widening the range. The view rests on valuation levels from reported earnings and revenue estimates, not fundamental work. x.com
