Halams

RTLR - A Spinoff w/ Room to Grow

Long
NASDAQ:RTLR   Rattler Midstream LP
Foundation of revenue from long-term fixed contracts provided by the parent company (FANG).
Utilizing FCF to fund five JV's; three of which are paid for and already generating cash. The other two require an additional $79m in Capex before completion.
Additionally utilizing FCF for an 'aggressive' share buyback program.
This should result in 2021 results showing decreased CAPEX, and higher cash-flow as joint ventures are completed and optimized.
With a 7.79% dividend and a nice ascending triangle , RTLR seems primed for a move up in the short-term, along with a promising foundation for the medium to long-term.

The Fibonacci extensions provide some insight into potential short term targets once weekly candles begin to close outside of the blue triangle.

This post is purely for education purposes.
I am not a financial advisor, and as such, this post should not be interpreted as financial advice.
Comment: The vertical red line represents the date for upcoming quarterly earnings.

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