Re: YGR Spiralling Down
this is the consensus view of public equity investors.
it's too hard, execs don't work for shareholders, ESG concerns, no moat/commodity, peak oil etc.
provide a nice FCF that is returned via dividends/share buybacks and 1-2% production growth and these stocks will re-rate.
but why buy these mediocre mid cap names at 4% fcf yields when you can buy a cash-flow machine like apple with better capital allocation, an amazing moat, no debt and no ESG issues with a higher FCF yield? it's actually not that hard of a decision if you step back.
now, if oil is stable at $60 it's a different story. but the yo yo from 50-70 is killing investors.