PrimeEnergy Resources: Back On The Bargain Table

PrimeEnergy Resources is a strong buy due to its debt-free balance sheet and overall profitability. PNRG stands to benefit from higher-for-longer commodity prices. The immediate catalysts are tied to oil price volatility from Middle East instability. The company’s risk profile is mitigated by its financial flexibility and lack of leverage. PNRG’s exposure to operator activity and commodity price swings remains a key risk.

The debt-free balance sheet and the bank line give this company options that can be used to take advantage of higher commodity prices.

The last article and articles before that noted that PrimeEnergy Resources (PNRG) has "name" partners. I also noted that this is the kind of debt-free company that I like to buy when it is out