CA - Epsilon Energy: The Transition To More Oil Production Continues

2024-07-03 15:49:40 ET

Summary

• Epsilon Energy is long-term debt free.
• Epsilon Energy has a large cash balance and short-term investment balance.
• The company's main asset is dry gas production in the Marcellus, with potential for growth in the second half of the fiscal year.
• This small company has big partners like Williams Companies and Chesapeake Energy.
• The midstream business lessens the earnings volatility when compared to pure upstream operators.

Epsilon Energy ( EPSN ) has long been in an enviable position. This company continues to report a relatively large cash (and short-term investment) balance for its size, without any long-term debt. Since it does not operate any of its projects, there is not a lot of need for personnel....

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