Permian Resources Corporation (PR): A Bear Case Theory 

We came across a bearish thesis on Permian Resources Corporation on Hunterbrook’s Substack. In this article, we will summarize the bulls’ thesis on PR. Permian Resources Corporation’s share was trading at $13.67 as of September 24th. PR’s trailing and forward P/E were 8.76 and 11.8 respectively according to Yahoo Finance.

In southeastern New Mexico’s Permian Basin, a February satellite detection revealed a methane release of more than...