REPYF - Repsol: A Good Play On The Green Economy

• Repsol is an European business operator focused on the exploration, production, and transportation of oil and natural gas as well as renewable energy projects.
• In my view, if management continues to accelerate capital expenditures in growing markets like renewables and the chemical industry, FCF will most likely trend north.
• Analysts probably prepared their estimates by looking at the estimates of Repsol, which couldn’t be more wrong.
• A few weeks ago, Repsol depicted a scenario with Brent at $70/bbl, which is significantly lower than the current price mark.

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