RE:RE:RE:RE:RE:Clearwater stocks What are thoughts on obe???
riski wrote: PE is a terrible way to evaluate E&P companies.
HWX is a PURE clearwater play on a high growth trajectory. They have no debt and are accumuluating a large cash hoarde, now in the hundreds of millions. Presumably they are going to play a consolidating role in the clearwater at some point, but PE doesn't capture the value of their company. If they don't consolidate, they are planning continued growth and to pay out all that cash in a large dividend in the coming months.
BTE you all know well. Clearwater is a much smaller percentage of what we own in BTE.
TVE has a large clearwater holding and is seeing great results. They are largely being ignored by the market and moderately undervalued currently. The balance sheet is pristine and they are already paying a dividend. They will rerate at some point.
RBY is another pure play clearwater company which is just getting started. It's fault is low volume/liquidity, so if you are a big player looking to invest more than 100k in something, it may not be the ideal choice.
I own all four of these.