Amplify Energy Corp. (AMPY) Social Stream



Amplify Energy Corp. (AMPY): $6.46

-0.08 (-1.22%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Featured Post From StockTwits About AMPY

$AMPY Listening to the conference call is music to my ears. They were focused on returning capital to shareholders long before the rest of the industry got on board, and they will be looking for any ways to accelerate their ability to do so again. They added some color in saying that the only holdup is some covenants on the bank line regarding leverage ratios, but by next summer they will be back to a level they can distribute again. And if they can make it happen even faster by selling off some non-operated assets in the Eagle Ford then they are open to that.

In the past three years they have returned something like $6 per share in buybacks and dividends so you know it's not just empty talk, and their current projections indicate a further $6 per share of cash flow by year-end 2023, so you know they will have the firepower too.
tedt1, published August 6, 2021

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