Evolution Petroleum (EPM) Update - Sept 25

dan_s · Post by **dan_s** » Fri Sep 25, 2020 10:55 am

I have updated my forecast/valuation model for EPM and posted it to the EPG website.

EPM is almost a pure play on liquids. For the quarter ending June 30, 2020 their production mix was 85% crude oil and 15% NGLs. All of their ngas is used for lease fuel.
EPM's operating cash flow should be more than double their capex spending during fiscal year 2021 that ends June 30, 2021.
They have no debt, so I think they will eventually raise their dividends.