RE:RE:payout ratio less the 30% Omg, I think he has you on ignore so he can argue with himself. After the 100th post, do they repeat? I had a good trade in ala a year ago when the world hated them. Is this a mini ala with one of the tiniest refineries on earth? Somebody tell me more about the orphan wells they own. Are they being carved off with the pioneer sale? Debt is a four letter word in the energy sector so who has the balance sheet to buy this company, yet they aren't so big that twm would be a rounding error on their books? Who has the cajones to buy a refinery and tell all the esg wing nuts to fly off on their unicorns? I'm keeping this name on my radar but I'm putting the head pumpmeister cheerleader on ignore, so can someone else please post some useful, even slightly unbiased, views and facts please?
fauxtomato wrote: Debt to equity of 3:1, interest expense of ~$50M/yr, and even post-Pioneer they won't be able to afford much growth capex as it will have such a high cost of capital hurdle. No amount of posts can change the fact that they've got some of the highest cost of capital in a very competitive industry. They're going to need to be creative to make spending growth capex worth it, or throw in the towel and take a buyout at a low price.