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    Chris Degner

    Managing Director at Water Tower Research

    Chris Degner is a Managing Director at Water Tower Research, specializing in investor relations advisory for the natural resources sector with a focus on small- and mid-cap companies. He actively covers firms such as Journey Energy, Inc., delivering in-depth research and strategic guidance to institutional investors and C-suite executives. Degner joined Water Tower Research in December 2023, bringing valuable experience from prior roles across the financial industry and expanding the firm’s small-cap coverage and outreach. He holds recognized professional credentials and maintains a reputation for insightful analysis, but currently available public profiles do not disclose performance metrics, TipRanks rankings, or specific securities licenses.

    Chris Degner's questions to Prairie Operating (PROP) leadership

    Chris Degner's questions to Prairie Operating (PROP) leadership • Q2 2025

    Question

    Asked about the company's M&A strategy, how it measures returns on acquisitions versus development, and the specific plans for reducing well costs from $5.6 million to $5 million.

    Answer

    The company is highly selective in M&A, targeting off-market deals at 2-2.5x EBITDA, well below peer transaction multiples. Cost reduction is a core strategy, achieved by running competitive national RFPs for all services, inviting out-of-basin vendors, and focusing on efficiencies gained from a full one-rig program.

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    Chris Degner's questions to EVOLUTION PETROLEUM (EPM) leadership

    Chris Degner's questions to EVOLUTION PETROLEUM (EPM) leadership • Q3 2025

    Question

    Chris Degner of Water Tower Research asked about the shift from CO2 injection to a waterflood at the Delhi EOR project and its expected long-term impact on Lease Operating Expenses (LOE).

    Answer

    President and CEO Kelly Loyd expressed strong approval for the operational change, noting it was a move they had wanted for years. He stated it will save Evolution approximately $400,000 to $500,000 per month with minimal impact on production. CFO Ryan Stash quantified the potential impact, suggesting future LOE could be in the mid-$20s per BOE, similar to periods when the CO2 line was previously down.

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    Chris Degner's questions to EVOLUTION PETROLEUM (EPM) leadership • Q3 2025

    Question

    Chris Degner of Water Tower Research inquired about the Delhi EOR project, specifically asking for views on the potential long-term impact on Lease Operating Expenses (LOE) following the shift from CO2 floods to a waterflood-based development.

    Answer

    CEO Kelly Loyd expressed strong support for the change, noting it was a move the company had advocated for. He explained that replacing purchased CO2 with increased water injection is expected to save approximately $400,000 to $500,000 per month in costs with minimal to no difference in production performance. CFO Ryan Stash added context, suggesting that LOE could be in the mid-$20s per BOE going forward, similar to when the CO2 line was down previously.

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