Post by
MyHoneyPot on Sep 08, 2024 10:49am
Economics of Liquids Rich Plays
POU is focused on Liquids Rich, while they likely own the largest dry gas reserves in all of Canada with Laird + Horn River.
Essentially zero debt, and securities on the balance sheet.
Pou does not need to buy back shares because they never bloated their share count.
A company where the management do take the right actions for the shareholder, they don't buyback shares to pump the stock, or take on debt because everyone says you should.
With this downturn it is an opportunity for Companies like POU, who don't evaporate their balance sheet with meaningless buybacks.
POU is a solid business and a real investment opportunity.
Sinclair is a new chapter with a monster resource, with Wilesden Green of high liquids and big netbacks. Dry gas is out of favor these days.
IMHO