Long

RTLR - A Spinoff w/ Room to Grow

Zaktualizowano
Foundation of revenue from long-term fixed contracts provided by the parent company (FANG).
Utilizing FCF to fund five JV's; three of which are paid for and already generating cash. The other two require an additional 79m in Capex before completion.
Additionally utilizing FCF for an 'aggressive' share buyback program.
This should result in 2021 results showing decreased CAPEX, and higher cash-flow as joint ventures are completed and optimized.
With a 7.79% dividend and a nice ascending triangle, RTLR seems primed for a move up in the short-term, along with a promising foundation for the medium to long-term.

The Fibonacci extensions provide some insight into potential short term targets once weekly candles begin to close outside of the blue triangle.

This post is purely for education purposes.
I am not a financial advisor, and as such, this post should not be interpreted as financial advice.
Uwaga
The vertical red line represents the date for upcoming quarterly earnings.
Ascending TriangleChart PatternsFANGFCFFundamental AnalysisnasdaqOilRTLR

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