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AMPY - Amplify Energy: Trading At A Significant Discount To PDP Reserve Value
Amplify Energy Corp.
Amplify appears to be trading at around 0.6x PDP PV-10 at current strip prices, factoring in the negative value of its hedges.
Its market cap has gone up only $30 million since the beginning of March despite estimated PDP PV-10 at strip increasing by around $158 million since then.
It is also on track to reduce its net debt below $100 million by the end of 2023.
A multiple of 0.7x PDP PV-10 would result in an estimated value of $5.26 per share.