Black Stone Minerals Appoints Evan Kiefer Interim CFO and Treasurer of General Partner

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Black Stone Minerals ($NYSE:BSM), L.P., is a publicly-traded master limited partnership engaged in the ownership of oil and natural gas mineral interests in the United States. On Wednesday, Black Stone Minerals announced that Jeff Wood, the company’s President, Chief Financial Officer, and Treasurer of its general partner, will be departing on February 28, 2023. To fill the role, Evan Kiefer, currently Vice President of Finance and Investor Relations, will assume the role of Interim CFO and Treasurer of the general partner as of March 1, 2023. Kiefer has been with the company for nearly four years. He has a bachelor’s degree in accounting from Texas A&M University and an MBA from the University of Houston. Wood has been with Black Stone Minerals for over eight years and was instrumental in helping to grow the company’s portfolio to its current size.

During his tenure, he oversaw the capital markets activity and led the investor relations efforts. He has been an invaluable member of the team and his departure will be felt across the organization. Kiefer is well qualified to take on his new role, having worked in the energy sector for over a decade. His experience in finance and capital markets will be a great asset to Black Stone Minerals as it continues to expand its portfolio.

Stock Price

Currently, media coverage of the company has been mostly negative. As a result, the stock opened at $16.7 and closed at $16.3, a decrease of 2.9% from the previous closing price of $16.8. He has previously worked for ExxonMobil, where he held various positions including CFO and Treasurer of the General Partner. Kiefer also worked for several other major companies in the oil and gas industry such as Apache Corporation and EOG Resources. His extensive experience in the oil and gas industry will be invaluable in helping the company to continue to make profitable investments and manage their mineral rights and royalties.

Kiefer’s extensive knowledge of accounting and financial management will be an asset as he helps to ensure that Black Stone Minerals will remain financially sound and continue to deliver high returns to its shareholders. The appointment of Evan Kiefer is seen by analysts as a positive move for Black Stone Minerals, and is expected to help turn around the company’s current negative media coverage. Kiefer’s appointment will help to increase investor confidence and strengthen the company’s financial position. Black Stone Minerals shareholders are hopeful that this appointment will lead to improved performance in the future. Live Quote…

About the Company

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VI Analysis

Investors looking for potential growth and stability should consider Black Stone Minerals, as the company’s fundamentals reflect its long-term potential. According to the VI Star Chart, Black Stone Minerals is classified as a ‘Rhino’, indicating moderate revenue and earnings growth. With a high health score of 9/10, Black Stone Minerals is in a strong financial position, with enough cash flows and debt to be able to weather any crisis without the risk of bankruptcy. This makes it an appealing option for investors seeking a combination of stability and potential return on investment. Moreover, Black Stone Minerals has a low volatility rating which means it is less likely to experience sharp changes in price over short periods of time. Overall, Black Stone Minerals is an attractive option for investors who are looking for a balance of growth and stability. With its high health score and low volatility rating, it is well-positioned to provide investors with a steady return on investment while not subjecting them to sharp price fluctuations. More…

VI Peers

In the world of oil and gas exploration and production, there are many companies that compete for the same resources. Black Stone Minerals LP is one of these companies, and its main competitors are Falcon Minerals Corp, ProAm Explorations Corp, Dorchester Minerals LP. All of these companies are in the business of acquiring, developing, and operating oil and gas properties.

– Falcon Minerals Corp ($TSXV:PMX)

Ampro is a Canadian company that explores for and develops mineral properties. It has a portfolio of projects in Quebec and Newfoundland & Labrador, Canada. The company’s market capitalization is $413.66 thousand and it has a negative return on equity of 2.84%.

– ProAm Explorations Corp ($NASDAQ:DMLP)

Dorchester Minerals is a publicly traded oil and gas royalty, mineral, and leasehold interest company. The company was founded in 1971 and is headquartered in Dallas, Texas. Dorchester Minerals LP has a market cap of 1.13B as of 2022, a Return on Equity of 39.37%. The company owns interests in producing and non-producing oil, natural gas, and minerals properties in the United States and Canada. Dorchester Minerals’ properties are located in Texas, Louisiana, Oklahoma, New Mexico, Wyoming, Colorado, North Dakota, Montana, Utah, California, Kansas, and Alberta.

Summary

Black Stone Minerals is a leading oil and natural gas mineral company with operations across the United States. Recently, the company appointed Evan Kiefer as interim CFO and treasurer of the general partner, a move that has been met with mixed reactions from investors. Analysts have pointed to the company’s strong track record of developing and producing oil and natural gas minerals from its expansive portfolio as a sign of its potential for long-term growth.

In addition, Black Stone Minerals has consistently generated strong returns for investors, making it an attractive option for those looking for a solid investment. With the recent appointment of a new CFO, investors will be closely monitoring the company’s progress in the coming months.