- Magnolia is projected to generate $957 million in positive cash flow in 2022 at current strip while growing production by high-single digits.
- At last report it remained unhedged, giving it full exposure to commodity prices.
- The positive cash flow from 2022 may allow it to pay a $0.40 per share semi-annual dividend plus reduce its share count to 200 million by the end of 2022.
- It appears roughly fairly priced for a longer-term $75 WTI oil scenario currently.
For further details see:
Magnolia Oil & Gas: Positive Cash Flow May Approach $1 Billion At Current Strip