Paywalled Oil & Gas E&P trading at 1.65x 2025 Net Free Cash Flow

Turkey Leftovers

“You had me at hello.” - Dorothy Boyd

The first place I always look is insider buying, and in the last few years this company has had insider purchases from the CEO, the COO, the CFO, the General Counsel, the Chairman of the Board, and three directors. The CFO owns nearly 4% of the company, and his most recent insider buy was at a price higher than the current stock price. The current stock price has run up aggressively in the last two years, but I am happy to buy today, even if the stock price were to pull back in the near term. Odds are good that the stock won’t pull back much in the near terms as there are three positive catalysts coming in the next four months, although Trump’s peace brokering could crash oil prices in the meanwhile.