- Magnolia may generate around $500 million in positive cash flow in 2021 at current strip prices.
- It initiated a conservative $0.08 per share semi-annual dividend that it can sustain at $40 WTI oil.
- At longer-term $55 WTI oil, Magnolia may be able to easily support a $0.35 per share semi-annual dividend while leaving funds for share repurchases.
- Share repurchases are bringing its share count down quickly, with a 7% expected decrease from Q4 2020 to Q3 2021.
For further details see:
Magnolia Oil & Gas: Plenty Of Cash Flow For Dividends And Share Repurchases