Post by
JoeBravo1 on Feb 21, 2024 5:15pm
Results are Out...
Don't understand this company. They seem to have a sustainable dividend, good production and reserves, share buyback program, and they're paying down their debt.
They beat EPS estimates, yet they're only trading at a P/E ratio of around 6.2 times.
Am I missing something?
Comment by
itsalie on Feb 21, 2024 5:24pm
I think they just got out of favour, some speculation they were planning on buying more production.. I added just before close, hope to see it up 5% tomorrow
Comment by
Anschutz on Feb 21, 2024 8:15pm
Shhhh! Some of us are still accumulating.
Comment by
AvInvestor on Feb 21, 2024 9:39pm
Sadly, it's the new normal. Energy companies will be valued at a lower multiple going forward. This presents a great opportunity for us energy investors.