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home / news releases / MGY - Magnolia Oil & Gas: Over $300 Million In 2021 Positive Cash Flow To Fund Share Repurchases And Dividend

MGY - Magnolia Oil & Gas: Over $300 Million In 2021 Positive Cash Flow To Fund Share Repurchases And Dividend

Magnolia Oil & Gas Corporation Class A
  • Magnolia may be able to generate over $300 million in positive cash flow in 2021 at current strip prices while growing production by around 6%.
  • This could fund the repurchase of 12 million shares plus a $0.50 per share dividend.
  • Magnolia's enterprise value is around $3 billion though, which is a bit over 5.0x EBITDAX using $55 longer-term WTI oil.

For further details see:

Magnolia Oil & Gas: Over $300 Million In 2021 Positive Cash Flow To Fund Share Repurchases And Dividend
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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