Radi Sultan
Oil & gas, alternative energy, small-cap, deep value

Panhandle Oil And Gas: An In-Depth Look At This Underfollowed Unique Company

Executive summary:

  • Panhandle Oil and Gas (NYSE:PHX) is a low-risk and high-margin oil & gas company.
  • Asset valuations are supportive of current price levels, and could fuel additional upside.
  • With a near-term price target of $40, I would remain on the sidelines.


Panhandle Oil and Gas is an underfollowed, atypical independent oil & gas company. The unique aspect of Panhandle is that it does not actually operate any of its oil and gas properties; the exploration and development are handled by other operating oil & gas companies. Panhandle also has a strong and steady stream of cash flow from its royalty interests. There are several main drivers behind the bull case for Panhandle. Panhandle has a diverse...

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