Opinions
Josef Schachter
Razor Energy Corp
RZE-X
BUY ON WEAKNESS
Sep 07, 2018
N/A
Stock price when the opinion was issued
Energy
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COMMENT
Has recently gone to a dividend model. They are giving investors 16 cents for last year and 0.125 monthly rate this year, which works out to about a 5% dividend yield. They produce about 5000 boe per day. They have very low decline rates. He likes the management team. They are among the few companies that have done very well this year. There is a liquidity issue because this is a very small cap company. This is one of the names on his coverage list. Yield 5%.
Energy
BUY
A small cap. It is buying mature oil fields and experiences a low decline rate from them. There is about a 5.5% dividend yield. He likes the stock but it is too small for his subscribers. Over time they will make more acquisitions and grow the business. Stay with it. He loves the management team. Liquidity is the issue for investors that have to put a lot of money into an issue.
Energy
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He covers this small cap company. It only has a $49 million market cap. This company does a lot of well recompletions, where there have been historically low recovery rates. He likes the company and management team. He has a target of $3.50 for the shares. Anytime it trades down on weakness it is a buy.