Amplify Energy Corp (AMPY) represents a classic value opportunity: a misunderstood, under-the-radar small-cap energy stock trading at a substantial discount to intrinsic value.
The change in strategy was a surprise, but having spoken to management a view times now, we believe this is accretive to FCF and opens up more options for monetization (market does not realize this), and allows for more aggressive Beta investment
what's your take on their latest acquisition?
Thoughts linked here - https://oldschoolvalue.substack.com/p/the-ampy-mergerwhat-the-actual-heck
The change in strategy was a surprise, but having spoken to management a view times now, we believe this is accretive to FCF and opens up more options for monetization (market does not realize this), and allows for more aggressive Beta investment
Wow may have to load the boat on this one 🚢