Battalion Oil: Surging Stock Price May Result In Preferred Share Conversion Into Common Shares [Seeking Alpha]
Battalion Oil Corporation (BATL)
Company Research
Source: Seeking Alpha
Battalion's common share count could go from around 16.5 million to over 50 million with its recent offering and the conversion of preferred shares to common. At $26 per share, Battalion's enterprise value would thus be $1.4 billion, around 5x its PDP PV-10 at mid-$70s oil. Battalion's longer-term outlook would improve significantly with the conversion of preferred shares to common shares. I estimate its intrinsic value at around $4.15 per share, with full conversion of preferred shares to common shares, up from zero intrinsic value for the common shares without that conversion. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » halbergman/iStock via Getty Images Battalion Oil Corporation's ( BATL ) share price has soared recently to approximately $26 per share. It appeared to have attracted the attention of traders in late January 2026 after resolving its gas processing issues. That resulted in its More on m
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BATL
News
- This Oil Stock Just Soared 130%. Should You Chase Battalion Oil Here? [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation to raise approximately $15 million [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation to raise approximately $15 millionGlobeNewswire
- MCM Energy Partners Completes Acquisition of Delaware Basin Crude Oil and Natural Gas Assets From Battalion Oil Corporation [Yahoo! Finance]Yahoo! Finance
- Battalion Oil (BATL) – Among the Energy Stocks that Gained This Week [Yahoo! Finance]Yahoo! Finance
BATL
Sec Filings
- 2/25/26 - Form 8-K
- 1/27/26 - Form SCHEDULE
- 12/22/25 - Form 8-K
- BATL's page on the SEC website