ProgN said:
Very thorough and accurate summation. I haven't confirmed this yet, but I believe they're also branching out into other industries, like tech. These AI centers are going to require a significant amount of power and they want to be a part of that.
Blackrock is their largest shareholder. They have no debt. 69% of their stock is owned by institutions. They're a micro-cap that not only has a PE, they pay a dividend even if it's miniscule. They report earning on 4/30 and if this market doesn't rollover then I may have to raise my entry above my $120 PT.
Very good and thank you for your take.
ETA: There's a good probability that they may declare a split imo.
I did pick up on the tech and AI. I will say that's one of the few very big growth potentials in energy right now whereas a lot of the space has become much more commoditized whether be it products or services. Power is also a big potential growth driver as power at the well site and people wanting power off the grid is going to lead to massive power shortages. Any exposure they have to this space, whether through generators, connecting to the grid, etc will be possible upside.
I also noticed they did raise their dividend (since I did ask that in my first post ). Probably more to appease the institutions and frankly I'd rather a small cap reinvest in the business at this stage.
And I agree large, long only investors are good especially in a thinly traded stock. Many don't like the illiquidity and want a good company before they invest in largely illiquid stock. Only risk is if those institutions divest holdings it will kill the price short term.