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Stock impact report

Better Energy Stock: Vitesse Energy vs. Devon Energy [Yahoo! Finance]

Vitesse Energy, Inc. (VTS) 
Company Research Source: Yahoo! Finance
Vitesse has minority interests in Devon-operated wells in the Williston Basin of North Dakota and Montana (Bakken Formation). However, they have different business models, risk profiles, and capital allocation priorities. Here's a look at what each offers and which might be the better stock overall. Vitesse Energy: A high-yield (8.8%) energy stock The $725 million market cap stock has an unusual business model that takes full advantage of management's expertise and the company's flexibility as a small company. Vitesse focuses on owning interests in wells operated by other leading oil companies in the Bakken. It invests in wells run by more than 30 different operators, with only three companies responsible for more than 10% of its total working interests, namely Chord Energy (23%), Devon Energy (11%), and Continental Resources (10%). The strategy diversifies working and royalty interest across more than 7,000 working wells. However, its assets are overwhelmingly in the Bakken, an Show less Read more
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