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.