Q: What is the breakdown of their business model, meaning it is an oil play company or a natural gas company. Also is the dividend payout sustainable. When can the company start hitting their debt target to start buying back their stocks like the other oil and gas companies.
5i Research Answer:
SGY is an oil and gas producer and explorer/developer. It produced 25,000 b/d last year, with 86% of these liquids (oil and natural gas liquids). Payout ratio is 81%. It expect to achieve its debt target in the second half of 2024 and after that will evaluate its capital return plans.