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home / news releases / PVAC - Penn Virginia: Reduced Risk And Upside After Juniper Transaction

PVAC - Penn Virginia: Reduced Risk And Upside After Juniper Transaction

Penn Virginia Corporation
  • Penn Virginia may be able to generate around $70 million in positive cash flow in 2021 at current strip prices.
  • It is also financially healthy, with the ability to reduce its net debt to $275 million by the end of 2021 (1.2x EBITDAX at $50 WTI oil).
  • Share count has increased from 15.2 million to 37.3 million as a result of the Juniper transaction.
  • Penn Virginia's stock appears fairly priced for a $50s oil environment, although it will need to start rebuilding production to have much upside.

For further details see:

Penn Virginia: Reduced Risk And Upside After Juniper Transaction
Stock Information
Company Name: Penn Virginia Corporation
Stock Symbol: PVAC
Market: NASDAQ
Website: pennvirginia.com
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