UNTCW - Unit Corporation's Strategic Divestitures: Unlocking Value For Shareholders
2024-02-13 04:20:06 ET
Summary
- Unit Corporation is a promising dividend play for income investors, operating with two subsidiaries, UPC and Unit Drilling Company.
- The company's focus on oil and gas exploration and drilling, alongside strategic divestitures, bolsters its financial health and shareholder returns.
- UNTC's investment proposition rests on its dividend and safety, making it a strong buy for dividend investors looking for high yields in commodity-related businesses.
- UNTC's financial strategy includes hedging against price fluctuations and leveraging deferred tax assets to enhance cash flows.
- UNTC's strategic divestitures and strong cash flow provide multiple safety margins, making it an undervalued investment opportunity.
...
Unit Corporation's Strategic Divestitures: Unlocking Value For Shareholders