E - OMV: A Vertically Integrated Oil And Gas Player With A 10% Free Cash Flow Yield

Introduction

OMV (OTCPK:OMVJF) is a vertically integrated oil and gas producer operating in the shadow of its much larger European competitors like Total (TOT) and BP (BP). As the company has a specific focus on Central Europe and seems to prefer operating assets in Tier-2 and Tier-3 jurisdictions (which allows it to add the oil and gas projects at a relatively low cost to its pipeline), an investment in OMV appears to be riskier than picking one of its larger European counterparts. However, investors get a handsome reward