Jan. 16 at 1:38 PM
$MGY πΌ Upgrade Alert
BofA just upgraded
$MGY to Buy and lifted PT to
$28. Thesis is simple: strong ops momentum + resilience even in a weak oil tape.
If this helps, tap @QuantitativeTrading_
Key points:
β’ Giddings field continues to outperform β Oct gross operated oil hit 38.6 mbd, +3.6 mbd q/q (best since 1Q23)
β’ Nirvana pad (core Karnes County, most oil-weighted acreage) came online mid-Oct
β’ BofA now models 4Q25 oil at 41.1 mbd, above the top end of consensus
β’ 2026 setup looks solid with full-year est. ~42 mbd vs Street at 41
Near-term execution + upside risk to volumes = better risk/reward than the market is pricing in, per BofA. ππ
NFA
$AMC $BYND