RVRA - Roan Resources: Down But Not Out
Overview
While my primary focus is spin-offs due to their tendency to outperform the market, I sometimes stumble upon other interesting ideas.
I first heard about Roan Resources (ROAN) through my research of Riviera Resources (OTCQX:RVRA), a high conviction idea.
A significant portion of Riviera's midstream value is dependent on Roan Resources, its main customer or anchor producer. Thus, I've been following Roan Resources closely. Both RVRA and ROAN are successor companies to Linn Energy (which went bankrupt).
Over the past year, the stock chart of Roan Resources looks downright