Condire Management, LP Buys 1, Sells 4 in 1st Quarter

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Jun 21, 2022
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Condire Management, LP recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

2000 MCKINNEY AVENUE DALLAS, TX 75201

As of the latest 13F report, the guru’s equity portfolio contained 20 stocks valued at a total of $530.00Mil. The top holdings were SBSW(16.80%), OAS(13.19%), and CGAU(12.98%).

According to GuruFocus data, these were Condire Management, LP’s top five trades of the quarter.

Golden Star Resources Ltd


The guru sold out of their 7,029,766-share investment in AMEX:GSS. Previously, the stock had a 6.14% weight in the equity portfolio. Shares traded for an average price of $3.85 during the quarter.

On 06/21/2022, Golden Star Resources Ltd traded for a price of $3.9 per share and a market cap of $454.32Mil. The stock has returned 6.56% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Golden Star Resources Ltd has a price-book ratio of 70.42, a EV-to-Ebitda ratio of 6.41 and a price-sales ratio of 1.88.

Kinross Gold Corp


The guru sold out of their 3,055,766-share investment in NYSE:KGC. Previously, the stock had a 4.05% weight in the equity portfolio. Shares traded for an average price of $5.58 during the quarter.

On 06/21/2022, Kinross Gold Corp traded for a price of $4.24 per share and a market cap of $5.58Bil. The stock has returned -36.83% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, Kinross Gold Corp has a price-book ratio of 0.87, a price-earnings-to-growth (PEG) ratio of 3.12, a EV-to-Ebitda ratio of 6.74 and a price-sales ratio of 1.59.

The price-to-GF Value ratio is 0.76, earning the stock a GF Value rank of 9.

Turquoise Hill Resources Ltd


The guru established a new position worth 451,968 shares in NYSE:TRQ, giving the stock a 2.56% weight in the equity portfolio. Shares traded for an average price of $20.89 during the quarter.

On 06/21/2022, Turquoise Hill Resources Ltd traded for a price of $28.17 per share and a market cap of $5.69Bil. The stock has returned 72.56% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Turquoise Hill Resources Ltd has a price-earnings ratio of 10.27, a price-book ratio of 0.64, a EV-to-Ebitda ratio of 9.61 and a price-sales ratio of 3.14.

The price-to-GF Value ratio is 1.72, earning the stock a GF Value rank of 1.

Whiting Petroleum Corp


Condire Management, LP reduced their investment in NYSE:WLL by 152,035 shares. The trade had a 2.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $75.58.

On 06/21/2022, Whiting Petroleum Corp traded for a price of $77.87 per share and a market cap of $3.06Bil. The stock has returned 49.14% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, Whiting Petroleum Corp has a price-earnings ratio of 7.95, a price-book ratio of 1.88, a EV-to-Ebitda ratio of 5.12 and a price-sales ratio of 1.76.

The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 5.

Alcoa Corp


Condire Management, LP reduced their investment in NYSE:AA by 157,334 shares. The trade had a 2.13% impact on the equity portfolio. During the quarter, the stock traded for an average price of $72.62.

On 06/21/2022, Alcoa Corp traded for a price of $50.08 per share and a market cap of $9.25Bil. The stock has returned 47.65% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Alcoa Corp has a price-earnings ratio of 12.87, a price-book ratio of 1.96, a price-earnings-to-growth (PEG) ratio of 9.19, a EV-to-Ebitda ratio of 3.68 and a price-sales ratio of 0.72.

The price-to-GF Value ratio is 2.03, earning the stock a GF Value rank of 1.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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