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home / news releases / MGY - Magnolia Oil & Gas: Could Support A $1 Combined Dividend Based On 2021 Projections

MGY - Magnolia Oil & Gas: Could Support A $1 Combined Dividend Based On 2021 Projections

Magnolia Oil & Gas Corporation Class A
  • Magnolia appears capable of paying a $1 dividend (fixed and variable) over the next few quarters based on projected 2021 results.
  • It may generate $460 million in positive cash flow at $67 WTI oil (current strip).
  • Lack of oil hedges is helping its cash flow.
  • Magnolia appears fairly valued for $65 WTI oil (long term). At $70 WTI oil, it may be worth $16.60 per share.

For further details see:

Magnolia Oil & Gas: Could Support A $1 Combined Dividend Based On 2021 Projections
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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