Civitas Resources: M&A Driven Growth, And Very Undervalued

Gerasimov174/iStock via Getty Images Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. In my view, reviewing the company's profile today makes sense because of the outlook given for 2024. According to the last presentation given to investors, The company expects to deliver 2024 FCF of close to $1.3 billion and intends to report a reinvestment rate of clos ...