Civitas Resources: An Oil Producer That Must Be Looked At

Daniel P. Varga
978 Followers

Summary

  • All of the external factors are in CIVI's favor for at least 2022 but likely longer, which means a $73-75 per share price is realistic in the long term.
  • The recent acquisition will help grow CIVI's production by 9000 bbl/day.
  • The management expects a total production growth between 1.6% and 8.8% for 2022.

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Investment thesis

Civitas Resources, Inc. (NYSE:CIVI) is heading for a great 2022 with guidance that the company will grow its production by 2-9% and grow the oil production by double digits. All of the external factors are

This article was written by

978 Followers
Started investing more than 10 years ago. Mainly focusing on Large-Caps and occasional story stock. In addition, I am a regular buyer and analyzer of REITs, mREITS, and asset managers. I also have a dividend-focused portfolio with an investment horizon of 15 to 25 years. Follow me for comparison articles such as AAL vs. LUV or USB vs. C.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CIVI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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