Post by
bows333 on Aug 01, 2024 12:02pm
Think about it...
We have a company that is growing production, and will continue to grow it, without acquiring additional land, for years to come.
They did this with oil prices in the mid-range of their one-year average. The primary risk for low oil prices is a recession or a depression, the primary risk higher is a major Middle East war. Which do you think more likely? Do you read the news?
Let's assume oil prices stay where they are ($70ish to $90ish wandering range). The company earned 17 cents last quarter. Seems pretty likely they can do that every quarter going forward (Am I wrong? Please tell me, I'm looking to learn, not just blabber). That means 68 cents a year.
Do we have a dividend paying company, priced at 6x current earnings, with a likelihood of growing future earnings (explosive growth (pardon the pun) in case of a Mideast war)? A company that will now set a floor on the share price with increased buybacks (exactly where they will set that floor is known only to them; likely at a disappointingly low price for most of us)? A company that when the share price exceeds that floor substantially, and for a long period of time, buybacks will likely end and the dividend will be increased (my opinion here, form your own)? A dividend that is already roughly 4%.
Do we have here a company that has retired one-third of their total debt load in the past 12 months?
We have all of those. Analysts are generally idiots and should be ignored. Look at the facts in front of you.
My opinion: TVE (if it doesn't get bought out) will be massively higher 5 years from now than they are today. I have enough shares personally. If I didn't, I would be adding on this report.
Comment by
swale13 on Aug 01, 2024 2:27pm
100 % .17 on Q x4 .... gets you $7 SP and beyond TVE ... and they did the work we had work to do linking our clearwater assets pipes, roads, leases gas plant etc more waterflood that was a lot of q1 work and money and its done