Civitas Resources, Inc. (CIVI): A Bull Case Theory

We came across a bullish thesis on Civitas Resources, Inc. (NYSE:CIVI) on Value Investing Subreddit Page by mbacandidate1. In this article, we will summarize the bulls’ thesis on CIVI. Civitas Resources, Inc.’s share was trading at $49.61 as of Jan 7th. CIVI’s trailing and forward P/E were 4.86 and 5.53 respectively according to Yahoo Finance.

Aerial view of an oil and natural gas drilling operation on a leasehold position.

Civitas Resources is an oil and gas...