RE:47 million extra cash in first 2 months +2% royalityIf I wanted a royalty company, I'd buy a royalty company. And asset sales erode production and lead to diminished returns over time.
Call it what it is... An ugly earnings miss at a time when most E&Ps have reported strong results.
MyHoneyPot wrote: POU is adding 47 million extra cash in the sale of an asset, with a 2% royality attached.
Makes up for 1/2 of the reduced production gain anticipated for 2024, and were barely 3 months into the year. This make up for a lot of unforseen operation issues like wells that are a different liquids ration then you anticipated, or plant outages scheduled by the operator.
Image all those clearwater lands sold with a nice royality attached.
Two months behind us and my guess is that JR will come up with at least another 50 million dollar deal before year end, and he will have replace the anticipated cash with another asset sale.
Maybe POU will be getting more into the royality side of things.
IMHO