2024-07-03 15:49:40 ET
Summary
- Epsilon Energy is long-term debt free.
- Epsilon Energy has a large cash balance and short-term investment balance.
- The company's main asset is dry gas production in the Marcellus, with potential for growth in the second half of the fiscal year.
- This small company has big partners like Williams Companies and Chesapeake Energy.
- The midstream business lessens the earnings volatility when compared to pure upstream operators.
Epsilon Energy ( EPSN ) has long been in an enviable position. This company continues to report a relatively large cash (and short-term investment) balance for its size, without any long-term debt. Since it does not operate any of its projects, there is not a lot of need for personnel....
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Epsilon Energy: The Transition To More Oil Production Continues