David from Kingdom Capital on UNTC
Aug 02, 2022•1 hr 8 min
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Episode description
David Bastian from Kingdom Capital discusses his bull thesis for Unit Corp (UNTC).
David's UNTC write up: https://seekingalpha.com/article/4503262-unit-corporation-heads-win-tails-dont-lose
Chapters
0:00 Intro
2:30 UNTC overview
5:00 Discussing UNTC's sale process
11:20 Thoughts on UNTC's prelim Q2 numbers
14:45 What is the market missing with UNTC?
18:00 What is UNTC's major shareholder thinking?
23:20 Why did the Gulf assets sell for such a discount?
27:15 Can UNTC increase their production?
30:15 UNTC's drilling / rig segment
33:30 Valuing drilling
38:15 Midstream's value
46:15 Discussing capital allocation / returns
49:20 UNTC's warrants
52:40 UNTC's SOTP
1:01:00 Generalists in energy
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