Post by
MyHoneyPot on Nov 10, 2023 11:59am
Why would someone not buy NVA today
NVA will likely do 300 million in share buyback in 2024.
NVA is going to grow their production 13% in 2024.
So add that together and if you make an offer 23% over the current share price you would get the company for the 13 dollars it is trading for today even though your paying, 16 dollars for the stock. Just give them a 23% premium that is built into their 2024 buybacks and growth plan.
Does anyone think that NVA would not take $16 dollars a share today?
Your thoughts
IMHO
Comment by
PabloLafortune on Nov 10, 2023 2:47pm
I've analysed a few E&P's over the years, learned some hard lessons, made money I should never have, and among the subset that are NOT fixer uppers, this is a bargain IMO: 13% growth perhaps, 13% FCF perhaps @strip, AND, perhaps upside from natural gas price recovery. A well oiled money making machine. $16 seems too low. Only reason to accept would be a share swap.