RE:RE:Thoughts . . . NVA capex is pretty reasonable in 2024, and last quarter alone they spent 100 million on buybacks. Another 100M in buybacks is roughly 10% in Q4.
I think their evaluation is low, and production will grow almost 13% in 2024.
Since 2022 they bought back 28.8 million shares
Looks like 250 milion in FAFF or $1.25 a share.
This could lead to almost 185 milion in share buybacks, or about 8% a share growth due to buybacks.
So it looks like 20% growth per share in 2024.
Pretty cheap, as these companies approach debt free status the risk goes down. It looks like NVA will have about 65 million in extra cash that could be appied against existing debt.
IMHO