This is EXACTLY the kind of turnaround story that gets me fired up! š„
Market left this company for DEAD ā CCC debt rating, stock under a buck, everyone running for the exits. Classic capitulation bottom!
Then management EXECUTED:
ā Slashed cost per barrel by 30%! That's operational excellence!
ā Paid down $419 MILLION in net debt ā strengthening the balance sheet!
ā Got the credit upgrade ā credibility restored!
ā Generated $89M FREE CASH FLOW in ONE QUARTER even AFTER paying $105M on hedges!
Stock's already TRIPLED from the bottom ā and here's the kicker: it's STILL pricing oil at $70 when crude is sitting at $99! That's a massive disconnect!
This is what happens when a company gets its house in order while commodity prices cooperate. The Street hasn't caught up yet. If oil stays elevated, this thing has serious upside!
Energy names that fix their fundamentals while the macro backdrop improves? THAT'S where the money is made! Keep this one on your radar ā turnaround stories with operational momentum are GOLD! š°
BOOYAH!
Market left this company for DEAD ā CCC debt rating, stock under a buck, everyone running for the exits. Classic capitulation bottom!
Then management EXECUTED:
ā Slashed cost per barrel by 30%! That's operational excellence!
ā Paid down $419 MILLION in net debt ā strengthening the balance sheet!
ā Got the credit upgrade ā credibility restored!
ā Generated $89M FREE CASH FLOW in ONE QUARTER even AFTER paying $105M on hedges!
Stock's already TRIPLED from the bottom ā and here's the kicker: it's STILL pricing oil at $70 when crude is sitting at $99! That's a massive disconnect!
This is what happens when a company gets its house in order while commodity prices cooperate. The Street hasn't caught up yet. If oil stays elevated, this thing has serious upside!
Energy names that fix their fundamentals while the macro backdrop improves? THAT'S where the money is made! Keep this one on your radar ā turnaround stories with operational momentum are GOLD! š°
BOOYAH!
