Goodrich Petroleum (GDP) Update - Dec 19

[dan_s]

I just posted my updated profile on GDP to the EPG website. This small-cap is almost a pure "gasser" (99% of production is gas). It is going to come on strong with big increases in production in Q4 and Q1 as they complete several very high rate Haynesville wells. GDP closed on Friday at $11.00 and my valuation is $18.50. They've already announced their 2021 D&C program, which will be fully funded by cash flow from operations. In a more "rational world" a company generating $7.50 operating cash flow per share would draw a lot more attention.

Read the profile and then watch the replay of our December 18th webinar. Then you will know why I am high on this small-cap.