A reserve report is a financial report of the remaining quantities of minerals - most frequently oil & gas - which can be economically recoverable over a period of time.
When we initially set out to publish Reserve Report, we wanted to highlight what was - at the time - a large disconnect between the reported & actual economic reserves of a significant minority of US-based Oil & Gas firms.
Our writing that has followed is a continuation of that kind of commentary, in the energy world and beyond.
On January 25th, 2020 we modeled out out initial coronavirus growth scenarios
By February 10th, 2020 we’d bought puts & made the case for a global pandemic
When there is a large disconnect between what is being reported vs reality, we will write about it.
Most subscribers are here for the times when we’ve been contrarian & right -
We aren’t contrarian for contrarianism’s sake
We conduct independent analysis
And when our analysis looks different, we don’t hold back
One of our reports was cited (as Wildcax’s newsletter) in Bloomberg -
Individuals from 60+ unique Investment & Commercial Banks
Long-Only, L/S, Credit / Equity / Macro CIOs, PMs, MDs, & Analysts
Private Equity & Private Credit Fund Partners
CEOs & CFOs from small shops to NYSE listed firms
Journalists, Politicians, & Regulators
The largest public / private / state-owned energy firms
Readers come from 30+ Countries: ~50% Texas; 50% RoW
A few popular editions:
Rubles, Ruble, Ruin - March 7th, 2022
Magnolia Asset Review - December 18th, 2020
Chesapeake Ch.11 - June 30th, 2020
CDEV: Capital Structure Case Study - June 9th, 2020
Ring Energy: an RBL Case Study - May 8th, 2020
Beyond China - Feb 10th, 2020
Crude Dissonance - Mar 27th, 2020
Contagion & Crude - Jan 28th, 2020
Pandemic - Feb 25th, 2020
The Game Theory of a Price Collapse - Mar 10th, 2020
German Oil - Jan 24th, 2020
Matt Sterett is the Editor.
Pierre Follea is a frequent contributor.
3x other individuals have participated - and will remain anonymous… for now.
Reserve Report was previously owned by Wildcax, Inc., a DCA software founded by Matt Sterett, Pierre Follea, and others. A company controlled by Matt Sterett bought out the assets of Wildcax - including Reserve Report - in 2021.
Nothing here is investment advice - all communications from Reserve Report are solely for your informational purposes. If we take positions in the names discussed, we will disclose. Assume Matt is always long Microsoft & Amazon.
*Matt is currently long Elbit Systems, Bunge, ADM, CNR, & Gold*