Jim Cramer - Mad Money Permian Resources PR-N BUY ON WEAKNESS Oct 03, 2022

It's the result of a merger of Centennial and Colgate Energy Partners this past summer to be the biggest pure-play exploration production company in the Delaware Basin inside the Permian Basin in west Texas. They have enough rigs to aim for 10% production growth next year. Has no debts until 2026. Managers are generating cash and plan to return it to shareholders at a 2.7% yield, not bad. Plus, they will pay a variable dividend or buyback more shares (in Q2-2023). There's no hurry to buy PR. Management own 12% of shares.