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MNR
Mach Natural Resources LP·Oil & Gas E&P·United States
Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Ba...
1 Total1 External0 In-site
MNRMach Natural Resources LP
2026-01-07⛽ EnergyLong
Externalby HFI Research · YellowBrick
(Public) Why We Bought Mach Natural Resources Equity
MNR is an E&P consolidator that was bought at $10.83 and is trading at 0.9x PV-10 with $3.3B in reserves. It is projected to produce 151k boe/d by 2026 and is 71% gas-weighted. It has a low 46.5% reinvestment rate and a conservative 1.3x leverage target. It has a 10.4% FCF yield at $60 WTI/$3.50 gas and could double at $85 WTI/$4 gas. The risks include variable distributions and debt paydown priority.