EPS - Civitas Resources: A High-Value Play In The Permian Basin

2024-03-06 10:59:21 ET

Summary

• Civitas Resources, Inc. is an undervalued oil and gas producer focused on the Permian Basin, with strategic acquisitions and a track record of growth.
• The company has significantly increased its operational scale and efficiency, with a 97% increase in production capabilities and a forecasted surge in EBITDAX and free cash flow.
• Civitas offers an attractive dividend yield of around 10% and is considered one of the most attractively priced entities in the oil and gas industry.

Civitas Resources: A High-Value Play in the Permian Basin

This article highlights Civitas Resources, Inc. ( CIVI ), a $7 billion oil and gas producer focused in the United States; I discuss how its shares represent a compelling undervalued opportunity in today’s market.

Civitas has emerged as a formidable player in the oil industry, strategically acquiring premium oil assets in the Permian Basin—the heartland of American oil production known for its abundant reserves and historic output that has redefined the U.S. as an oil powerhouse. ...

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