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Gabe Daoud

Managing Director and Senior Equity Research Analyst at Cowen Inc.

Gabe Daoud is a Managing Director and Senior Equity Research Analyst at TD Cowen, specializing in the coverage of energy and consumer cyclical sectors with a focus on specific companies such as EVgo Inc, Gulfport Energy, and Enovix. He has issued 138 ratings on 17 stocks and maintains a coverage list that includes names like SM Energy, Matador Resources, and other major players in energy and clean tech, with a documented success rate of around 45.8% for price targets met and notable calls achieving returns of up to 27% in a single day. Daoud began his analyst career in 2016, making his first public stock recommendation that year, and joined TD Cowen where he has since built a recognized profile for in-depth sector analysis and actionable calls. He holds relevant industry credentials consistent with his senior research role, further demonstrating his expertise and regulatory compliance in the securities industry.

Gabe Daoud's questions to CIVITAS RESOURCES (CIVI) leadership

Question · Q3 2024

Gabe Daoud's representative asked about the expected production decline profile in the first half of 2025 and the activity required to maintain flat year-over-year volumes. A follow-up question concerned the company's current thinking on M&A.

Answer

CEO M. Doyle explained that with low Q4 turn-in-lines, production will decline into Q1 2025 before activity picks up mid-quarter. Regarding M&A, he stated the hurdle to use the company's undervalued equity is 'very, very high,' and the current focus is on small, bolt-on 'ground game' acquisitions rather than large-scale transactions.

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