After detailed review of all our Covered Energy Companies, we have nine companies that fit our desired parameters for the energy side. Please go back in the company archives to familiarize yourselves with the fundamentals of those ideas that fit your needs.
We updated these companies as they reported their Q3/19 results. We currently own five of the nine ideas and plan to add to our holdings in these names and expect to add some of the remaining four ideas if they reach prices that are very compelling. Watch the SER Ownership page in each of the upcoming Interim Reports and SER Monthlies to keep up with what we BUY and what prices we were comfortable paying.
In Chart #2, you can see that we have the following information for each of the nine companies: Company symbol, current stock price, recommended BUY price, shares outstanding, market capitalization, long term debt level, balance sheet equity, no LMR issues, strong insider ownership, enterprise value, production level Q3/19, enterprise value per boe, annual dividend, the SERSI cash flow per share forecast (CFPS) for 2020, the dividend being annual or quarterly, the current yield and the payout ratio based upon our 2020 CFPS forecast.