Newfield Exploration...
I feel like this is a decent buy at $24.50. I know a bit about their business and their mid term plan, and it looks generally positive.
The stock is well below its 200 day MA, but recently it will get up to the 30 mark and management fumbles around (they have some weak management) and it will drop. Debt to cash is laughable, but they are getting their act together after some large mistakes by Bloothby (too much nat gas). Their portfolio is evening out.
Looking at their potential, I feel confident we will see $35-$40 in the next year as they even out their liquids mix.
Anyone else have familiarity with NFX?
I feel like this is a decent buy at $24.50. I know a bit about their business and their mid term plan, and it looks generally positive.
The stock is well below its 200 day MA, but recently it will get up to the 30 mark and management fumbles around (they have some weak management) and it will drop. Debt to cash is laughable, but they are getting their act together after some large mistakes by Bloothby (too much nat gas). Their portfolio is evening out.
Looking at their potential, I feel confident we will see $35-$40 in the next year as they even out their liquids mix.
Anyone else have familiarity with NFX?