Acquires oil and natural gas properties in the Permian Basin of West Texas. Explores for oil and natural gas reserves. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Average growth of 30% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
Executives buying with their own money is usually read as confidence in the company’s future.
The stock trades 59% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 30% a year on average.
The company sells $2.0B a year; the problem isn’t sales — it’s costs running above that number.
Over the last 12 months, company executives reported 51 buys and 17 sells. Management buying with its own money is usually read as a good sign.
A loss of $173.5M against $2.0B in annual sales.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.
One-line summary: few numbers, an untested story. Keep watching.