Wrapping Things Up Until Later This Evening -- ERF: Most Interesting Nugget In Its Press Release -- February 23, 2023

NOG: 4Q22 and full year 2022 results. Link here. 

• sneak-a-peek: EPS miss by quite a bit;
• increased reg div by 13% to 34 cents/share, 1Q23
• increased reg div by 20% to 30 cents/share, 4Q22
• nice production increase; now at 78,854 bopd

EOG: 4Q22 and full year 2022 results. Link here.

• sneak-a-peek: mixed
• “special dividend”: $1.00
• reg div maintained: 82.5 cents from 75 cents (increased in January, 2023)
• EPS miss: $3.30 vs $3.31 (others say $3.37) on higher drilling costs.
• revenue beat: $6.72 billion vs $6.62 billion
• most recent: production up 5% q/q to 909,100 bopd 
• forecast, 2023: 944,000 to 1.03 million bopd
• average realized US crude oil price rose 9% to $85.68
• social media;

ERF: reported today. Link here. Press release. I recall some talk some time ago that ERF was considering changing its HOR from Canada to the US -- look at this little nugget in the press release --

Completed the divestment of substantially all its Canadian assets during 2022 for total consideration of $278.9 million (CDN$380.4 million), before purchase price adjustments.

The NDIC hearing dockets for March, 2023 have been posted. Link here.