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home / news releases / MGY - Magnolia Oil & Gas: Plenty Of Cash Flow For Dividends And Share Repurchases

MGY - Magnolia Oil & Gas: Plenty Of Cash Flow For Dividends And Share Repurchases

Magnolia Oil & Gas Corporation Class A
  • Magnolia may generate around $500 million in positive cash flow in 2021 at current strip prices.
  • It initiated a conservative $0.08 per share semi-annual dividend that it can sustain at $40 WTI oil.
  • At longer-term $55 WTI oil, Magnolia may be able to easily support a $0.35 per share semi-annual dividend while leaving funds for share repurchases.
  • Share repurchases are bringing its share count down quickly, with a 7% expected decrease from Q4 2020 to Q3 2021.

For further details see:

Magnolia Oil & Gas: Plenty Of Cash Flow For Dividends And Share Repurchases
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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