AM

Antero Midstream Corp

Energy


Presented:08/21/2019
Price:$7.63
Cap:$3.87B
Current Price:$15.31
Cap:$7.37B

Presented

Date08/21/2019
Price$7.63
Market Cap$3.87B
Ent Value$8.34B
P/E Ratio21.27x
Book Value$7.84
Div Yield16.12%
Shares O/S506.90M
Ave Daily Vol6,077,834
Short Int43.72%

Current

Price$15.31
Market Cap$7.37B
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins. The company was founded in 2013 and is based in Denver, Colorado.

Publicly traded companies mentioned herein: Antero Midstream (AM), Antero Resources (AR)

Highlights

The presenter is short shares of Antero Midstream (AM), an O&G midstream company formed by Antero Resources (AR) to serve its natural gas and natural gas liquids (NGL) production in the Appalachian Basin. He believes there is a disconnect between AM's investors and AR's fundamentals. While AM’s stock seems cheap at a ~15% FCF yield, he sees 40% - 50% downside risk over the next six months.

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Idea Discussion

Commentor 1 - 2 weeks ago

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