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Oil & Gas Stock Idea

www.alphaletter.co

Oil & Gas Stock Idea

Grit Alpha
Jan 19, 2022
16
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Share this post

Oil & Gas Stock Idea

www.alphaletter.co

I spent a few hours building a financial model and reading through old financials and transcripts this afternoon on a small oil and gas driller named Independence Contract Drilling (ICD). There are a few things I like.

  • Multi-decade low: the stock has crashed from a high of over $200 per share to a low of only $3.77 per share.

  • The market cap is only $36 mi…

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