Meeting further adjourned to May 1, 2025 at 8:00 a.m. Central TimeHOUSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it intends to open and immediately adjourn its reconvened Special Meeting of Stockholders (the “Special Meeting”) relating to the Company’s proposed merger with Juniper Capital’s upstream Rocky Mountain portfolio companies. There will be no voting or other matters conducted at the meeting on April 23, 2025, and the C ...

Core Viewpoint - Amplify Energy Corp. has amended its merger agreement with Juniper Capital, which includes an additional cash contribution of $10 million from Juniper to reduce the net debt of the combined companies, reflecting confidence in the merger's long-term value creation [2][3][5]. Financial Contributions and Debt Management - Juniper will contribute an incremental $10 million in cash to further reduce the net debt of the combined companies [3][4]. - At closing, Amplify plans to issue approximately 26.7 million shares of common stock to Juniper and assume about $133 million in net debt [3][19]. Hedge Positions and Risk Mitigation - Amplify has hedged 80-85% of its oil production for 2025 and 40-45% for 2026, while Juniper has hedged 65-70% for 2025 and 50-55% for 2026 [7]. - The present worth of Amplify's hedges is approximately $25 million, and Juniper's hedges are valued at about $14 million [7]. Updated Reserve Values - The total proved reserve PV-10 value of Juniper's audited reserves is estimated at $356 million, assuming WTI oil prices at $60 per barrel and Henry Hub gas prices at $3.50 per mmbtu [10][11]. - Combining Juniper's proved developed PV-10 value of $230 million with its hedge book value results in a total value of $244 million, compared to pro forma debt of approximately $123 million after Juniper's cash contribution [11]. Shareholder Engagement and Meeting - A Special Meeting of Stockholders is scheduled for April 23, 2025, to approve the merger proposals [14]. - The Board of Directors recommends shareholders vote "FOR" the merger proposals outlined in the definitive proxy statement [16].

Meeting adjourned to April 23, 2025 at 9:00 a.m. Central TimeHOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it intends to open and immediately adjourn its Special Meeting of Stockholders (the “Special Meeting”) relating to the Company’s proposed merger with Juniper Capital’s upstream Rocky Mountain portfolio companies. There will be no voting or other matters conducted at the meeting on April 14, 2025, and the Company intends t ...

Group 1 - The deadline for shareholders of Amplify Energy Corp. (NYSE: AMPY) to change their votes on the company's dilutive stock issuance proposal is set for midnight today [1] - The proposal is significant as it may impact the company's capital structure and shareholder value [1] Group 2 - The investing group Sifting the World, managed by Chris, provides deep research and real-time updates on investment opportunities [1] - The group consists of an experienced community that shares specialized knowledge, particularly regarding local opportunities [1]

Core Viewpoint - Amplify Energy Corp. has received a recommendation from Institutional Shareholder Services (ISS) to vote "FOR" its proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies, indicating that the merger is expected to enhance growth and long-term shareholder value [1][2]. Summary by Relevant Sections Merger Recommendation - ISS concluded that Amplify has conducted a reasonable process for the merger, which is deemed better than a standalone scenario due to increased scale, projected free cash flow accretion, synergy opportunities, and enhanced portfolio optimization [2]. Financial Impact - The merger is anticipated to significantly strengthen Amplify's financial position, diversify its asset base, and create operational efficiencies [2]. - Projected free cash flow per share is expected to increase from $0.50 to greater than $0.70 [6]. - Total proved reserve value is projected to rise approximately 89%, from $688 million to $1.3 billion [6]. Operational Enhancements - The new asset base from Juniper is expected to accelerate value creation through portfolio optimization and lower operating costs, improving resilience in varying commodity price environments [6]. - The merger is expected to unlock meaningful operating synergies, with pro-forma Adjusted EBITDA per BOE projected to increase by 40% and pro-forma G&A per BOE expected to decrease by over 20% due to economies of scale [6]. Shareholder Value Preservation - Increased free cash flow and scale, along with expected refinancing, are projected to enhance liquidity and flexibility, providing options to reduce leverage and return capital to shareholders [6]. Special Meeting Details - The Special Meeting of Shareholders to approve the merger proposals is scheduled for April 14, 2025, at 9:00 a.m. Central Time [4].

Core Viewpoint - Amplify Energy Corp. has received a recommendation from Institutional Shareholder Services (ISS) to vote "FOR" its proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies, indicating that the merger is expected to enhance growth and long-term shareholder value [1][2]. Financial Impact - The merger is projected to increase free cash flow per share from $0.50 to over $0.70, representing a significant improvement in financial performance [5]. - Total proved reserve value is expected to rise approximately 89%, from $688 million to $1.3 billion, indicating a substantial enhancement in asset value [5]. Operational Efficiency - The merger is anticipated to unlock meaningful operating synergies, with pro-forma Adjusted EBITDA per BOE expected to increase by 40% due to a higher oil weighting and a lower cost structure [5]. - Pro-forma G&A per BOE is projected to decrease by over 20% as a result of economies of scale, contributing to improved operational efficiency [5]. Growth Potential - The transaction is expected to enhance portfolio flexibility and organic growth potential, allowing Amplify to accelerate value creation through portfolio optimization [2][5]. - The new Rockies asset base will provide opportunities for identified, high-quality undeveloped drilling locations, further supporting growth initiatives [5]. Shareholder Value - The merger is designed to preserve shareholder value by increasing free cash flow and scale, along with expected refinancing that will enhance liquidity and flexibility [5]. - The free cash flow generated will provide options to reduce leverage and return capital to shareholders, reinforcing the commitment to shareholder returns [5]. Meeting Details - A Special Meeting of Shareholders to approve the merger proposals is scheduled for April 14, 2025, at 9:00 a.m. Central Time, where shareholders will have the opportunity to vote [4].

Core Viewpoint - Amplify Energy Corp. has announced a definitive agreement to acquire Juniper Capital's upstream Rocky Mountain portfolio, which is expected to enhance the company's long-term shareholder value through various financial and operational benefits [1][2]. Financial and Diversification Benefits - The merger is projected to increase free cash flow per share from $0.50 to over $0.70 in 2025 [5]. - Total proved reserve value is expected to rise approximately 89% from $688 million to $1.3 billion [5]. - Pro-forma Adjusted EBITDA per BOE is anticipated to increase by 40% due to a higher oil weighting and a lower cost structure [5]. - Pro-forma G&A per BOE is expected to decrease by over 20% due to economies of scale [5]. Growth and Synergies - The new asset base from Juniper allows Amplify to accelerate value creation through portfolio optimization [5]. - The merger is expected to provide meaningful operating synergies, enhancing the company's ability to generate long-term shareholder value [2][5]. Shareholder Engagement - Amplify has scheduled a Special Meeting of Shareholders for April 14, 2025, to vote on two proposals critical to the merger [2][4]. - The Board unanimously recommends that shareholders vote "FOR" both proposals, emphasizing their importance for the company's best interests [3].

Core Viewpoint - Amplify Energy (AMPY) has experienced a significant downtrend, with a 25.7% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - AMPY's current RSI reading is 27.09, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding AMPY's earnings, with a 21.5% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation in the near term [6]. - AMPY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a potential turnaround [7].

Amplify Energy (AMPY) has been on a downward spiral lately with significant selling pressure. After declining 27.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...

Industry Overview - Crude oil prices are experiencing a downturn in 2025, with WTI crude dipping below $70 per barrel, the lowest since December, and Brent crude following a similar trend [2][3] - Contributing factors include tariff concerns, weakening consumer confidence, and an increase in production by OPEC+ [1][3] OPEC+ Production Decisions - OPEC+ has decided to resume previously halted production, with eight member nations set to increase output starting April 1, initially adding 138,000 barrels per day, with plans to ramp up to 2 million barrels per day by 2026 [3] Investment Opportunities - The current slump in oil prices is viewed as a potential buying opportunity for long-term investors, as historical trends suggest that downturns in commodities can create attractive entry points [4] - Energy demand remains robust, and evolving geopolitical factors may lead to a rebound in oil prices, rewarding investors who capitalize on current low valuations [4] Stock Selection Criteria - Investors are encouraged to select beaten-down stocks, as stressed valuations do not necessarily indicate a total loss of potential [5] - Adequate research is essential before investing in these stocks [5] Recommended Stocks - **Matador Resources Company (MTDR)**: A leading oil and gas explorer in the U.S. with a Zacks Rank of 2, focusing on the Delaware and Midland basins. The 2025 earnings growth estimate is 15.2% [9] - **Permian Resources (PR)**: Headquartered in Midland, TX, with a Zacks Rank of 2, producing around 150,000 barrels of oil equivalent per day. The 2025 earnings per share growth estimate is 15.8% [10] - **Amplify Energy (AMPY)**: A Houston-based operator with a Zacks Rank of 2, diversified across five U.S. basins. The 2025 earnings growth estimate is 66.7% [11]