EXXI

Energy XXI Ltd

Energy


Presented:01/07/2014
Price:$24.61
Cap:$1.87B
Current Price:$9.10
Cap:$0.30B

Presented

Date01/07/2014
Price$24.61
Market Cap$1.87B
Ent Value$3.41B
P/E RatioN/A
Book Value$16.14
Div Yield0.8%
Shares O/S75.81M
Ave Daily Vol1,440,000
Short Int12.92%

Current

Price$9.10
Market Cap$0.30B
Energy XXI Limited is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. As of June 30, 2013, the company’s estimated net proved reserves were 178.5 MMBOE. It operated or had an interest in 463 gross producing wells on 272,262 net developed acres, including interests in 41 producing fields. Energy XXI (Bermuda) Limited was founded in 2005 and is based in Hamilton, Bermuda.

Highlights

Despite reasonable EPS growth of ~17% and a 50% increase in reserves year-over-year, Energy XXI (EXXI) shares have dropped ~25% over the past 12 months. The presenter is long shares of EXXI, and expects a reversion to more normal valuation levels as the company brings on two more rigs and focuses spending on its more productive fields.

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Idea Discussion

Commentor 1 - 2 weeks ago

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