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. (NYSE:CIVI)'s share was trading at $49.61 as of Jan 7^th. CIVI’s trailing and forward P/E were 4.86 and 5.53 respectively according to Yahoo Finance.

[caption id="attachment_1205478" align="aligncenter" width="768"] Aerial view of an oil and natural gas drilling operation on a leasehold position.[/caption]

Civitas Resources (NYSE:CIVI) is an oil and gas exploration and...