OTCQX:GXOCF - Post by User
Post by
CDNOilInvestoron Dec 04, 2019 1:39pm
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Post# 30421727
18% trading value of the PDP Reserves - who cares?
18% trading value of the PDP Reserves - who cares?Continuing on with my discussion (Rant over no NCIB)
As mentioned this summer, I have been looking at the steepest discount to PDD. Once again, winner is GXO. Now at ~18% of the PDP value of the company. I stopped looking and posting once it was clear to me that no investor, fund or private equity cares. Every company has reserves, it's all about cash flow, cash flow, cash flow!
On that note, again, GXO is trading at a market cap equal to their cash flow today. Not applying for an NCIB is plain mismanagement.