Instead of a long AI slop text here are the reasons Crescent Energy just got a new shareholder (me).
\\- trades at x4 FCF
\\- great low decline acerage especially in Eagle Ford Tier 1 locations near supermajors like COP and EOG
\\- long reserve life (1bn barrels) of 10+ years and options to drill for 10+ more years
\\- hedged against geopolitical conflict by beeing a pure domestic powerhouse
\\- insiderbuys and no sells even after recent runup
\\- designed to be sold by private equity (KKR)
\\- minerals interest are high margin low capex yet not considered in valuation -> rerating to even half of TPL levels would offer insane value
\\- they are cleaning up the balancesheet by refinancing debt to great conditions often seen before a buyout
\\- still utilizing synergies of the Vital Energy acquisition
\\- one of few attractive mid cap players now to be swallowed
TLDR: If you are a oil supermajor Crescent Energy seems like a great decent sized quick snack without a lot of considerations and a management willing to cash in.