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    Christopher Baker

    Senior Equity Analyst at Evercore ISI

    Chris Baker is a Senior Equity Analyst at Evercore ISI, specializing in the energy sector with a primary focus on exploration and production companies such as Sitio Royalties Corp (STR) and Brigham Minerals (MNRL). He has built a strong track record, with a success rate of over 86% on his stock recommendations and an average return per transaction exceeding 86%, including standout calls like a 95% return on MNRL achieved in under six months. Baker began his analyst career prior to joining Evercore ISI, where he has been recognized for his high ratings on platforms such as TipRanks and AnaChart. He holds relevant professional credentials, including FINRA registration and securities licenses, establishing credibility in his equity research career.

    Christopher Baker's questions to Granite Ridge Resources (GRNT) leadership

    Christopher Baker's questions to Granite Ridge Resources (GRNT) leadership • Q4 2024

    Question

    Christopher Baker of Evercore ISI inquired about the long-term strategy for the operated partnership model, particularly regarding the anticipated free cash flow inflection and how the company might address the market's current lack of valuation credit for it.

    Answer

    Executive Luke Brandenberg acknowledged the cash flow outspend inherent in ramping up rig activity but confirmed a positive free cash flow inflection is coming as partnerships mature, likely within the next year for the first one. He noted that despite the market's focus on growth, the company remains conservative on leverage. The strategy is to continue adding partners and rigs, accepting the near-term cash outspend to build a self-sustaining program that will eventually generate significant free cash flow.

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