Magnolia Oil & Gas (MGY) Valuation Update - May 9

[dan_s]

If you like a simple business strategy, steady production growth year after year, rising dividends and aggressive stock buybacks then MGY is for you.

Q1 results were solid and Q2 results should be much better.

None of this company's production is hedged.

My valuation of MGY increases by $1 to $32/share. < 5.75 X annualized operating cash flow per share.

MGY closed at $26.50 on May 9.