Today is the big breakout for Epsilon. This is a hyper value stock and they have been heavily buying back their own stock. Nat gas driller with pipelines too, in PA.
Seeking Alpha article:
Epsilon Energy: The Cash Rolls In
Nov. 2, 2020 3:48 AM ET|22 comments | About: Epsilon Energy Ltd. (EPSN), Includes: AM, AR, FANG, RTLR
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Summary
The balance sheet is debt-free.
Management just completed a stock repurchase tender offer.
This Pennsylvania dry gas producer generally participates in drilling some wells each year. Production grows in lumps over time.
The Midstream ownership decreases earnings volatility.
The lack of institutional involvement lowers the volatility of this stock.
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Epsilon Energy (EPSN) is a company that was formerly listed and domiciled in Canada on the Toronto Stock Exchange. Since the main business is in Pennsylvania, the company has made the choice to "move" to the United States. The company has always reported in United States dollars and the material amount of business is in Pennsylvania. But now the accounting going forward will conform to other industry companies in the United States. This will make comparisons easier for investors.
Epsilon Energy is a debt-free company that typically drills a few wells each year. Management does not play the "roadshow" game to the extent of many competitors. Therefore, this company is unlikely to be an institutional darling anytime soon.
