Video: Riley Exploration Permian (REPX) Looks Attractive for Dividend at 4.5% Yield

October 25, 2023
  • $6 EPS for E2023, with earnings rising to $9 for E2024 if oil prices stay elevated.
  • Acquisition did add leverage to the balance sheet, but the company has strong free cash flow.
  • Mostly, 60%, oil, which is beneficial with crude prices holding up better than natural gas prices.
  • Dividend increase, expecting to make regular dividend payments on a go forward basis.