Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul><li>Evolution’s framework is focused on marrying acquisitions of long-lived shallow decline producing assets complemented by organic growth opportunities to grow the underlying business and support its dividend.</li><li>The company’s 45th consecutive quarterly dividend is scheduled to be paid on December 31, 2024, in the amount of $0.12/share. The current yield is 8.2%.</li><li>Ongoing development in the Chaveroo oilfield in the Permian Basin is expected to contribute incremental oil volumes in Evolution’s fiscal fourth quarter (June).</li></ul>

Evolution’s framework is focused on marrying acquisitions of long-lived shallow decline producing assets complemented by organic growth opportunities to grow the underlying business and support its dividend.The company’s 45th consecutive quarterly dividend is scheduled to be paid on December 31, 2024, in the amount of $0.12/share. The current yield is 8.2%.Ongoing development in the Chaveroo oilfield in the Permian Basin is expected to contribute incremental oil volumes in Evolution’s fiscal fourth quarter (June).

Evolution Petroleum Corp. - Organic Investment Opportunities Support Dividend Strategy