XOG

Extraction Oil & Gas Inc

Energy


Presented:12/01/2016
Price:$23.56
Cap:$8.22B
Current Price:$68.54
Cap:$1.78B

Presented

Date12/01/2016
Price$23.56
Market Cap$8.22B
Ent ValueN/A
P/E RatioN/A
Book Value$1.29
Div Yield0%
Shares O/S349.01M
Ave Daily Vol1,589,482
Short Int4.68%

Current

Price$68.54
Market Cap$1.78B
Extraction Oil & Gas, Inc. operates as an independent oil and gas company, focused on the acquisition, development and production of oil, natural gas and NGL reserves. The company was founded by Mark A. Erickson, Matthew Owens and Jesse Silva in December 2012 and is headquartered in Denver, CO.

Publicly traded companies mentioned herein: Extraction Oil & Gas Inc (XOG), Noble Energy Inc (NBL)

Highlights

Denver-based Extraction Oil & Gas (XOG) had a successful IPO in October 2016, but it “seems to have fallen off the radar”. In the presenter’s opinion the stock is attractively valued in the low-$20s (less than 5x expected 2018 EBITDA). He is long at $23 and sees upside to the $30-35 range as the relatively unlevered E&P builds value over time via picking up more acreage in the Rocky Mountains and growing the company’s production in a measured way.

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Idea Discussion

Commentor 1 - 2 weeks ago

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