GBA Presents: House of Gummy-!

lets ditch this" Grandma " thing-- it seems slang for slow moving /no excitement-- just like Grandma--

Remember I am putting together names for a 19 year old young man and the idea is for HUGE returns not safe & slow---

SOFI is misunderstood by the masses and many analysts-- Yes we have alot of debt!

In 90 days since the end of Q4 2022, SoFi's debt has increased by over $600 million, or an increase of about 10% of its market cap in the form of debt.

Over that over the same short period, SoFi's cash balance is up more than $1 billion.<---------------

A few key achievements from the first quarter include: our eighth consecutive quarter of record adjusted net revenue of $460 million, up 43% year-over-year with record revenue in lending and financial services, as well as continued strength in tech platform; our third consecutive quarter of record adjusted EBITDA at nearly $76 million, representing a 48% incremental margin and a 16% margin overall; and incremental GAAP net income margin of 54%, resulting in a loss of just $34 million. Deposits increased by $2.7 billion sequentially, marking another record quarter and now exceed $10 billion in total deposits. Importantly, more than 90% of our consumer deposits are from sticky direct deposit members and 97% of our deposits are insured. Our cash and cash equivalents on the balance sheet increased by $1.1 billion to $2.5 billion since year-end, reinforcing our strong liquidity position.

Switching to our balance sheet where we remain very well capitalized with ample cash and excess liquidity. Last year's opening of SoFi Bank further reinforces our strong balance sheet and provides us with more flexibility and access to a lower cost of capital relative to alternative sources of funding. In Q1, assets grew by $3.4 billion as a result of a $1.1 billion increase in cash and cash equivalents, highlighting our strong liquidity position and access to cash, as well as adding loans to the balance sheet, given strong growth we continue to see in personal loan originations.

On the liability side of the balance sheet, we saw tremendous growth in deposits as they grew to over $10 billion, up $2.7 billion sequentially versus $2.3 billion in each of the prior two quarters. Because of this, we exited the quarter with just $3.6 billion drawn on our $8.6 billion of warehouse facilities. In addition, last week we extended our corporate revolver for another five years and upsides it to $645 million. This further highlights our strong liquidity position, particularly in this market. Our available for sale securities portfolio remains quite modest at $175 million market value with $6 million in cumulative unrealized losses versus $195 million at year end 2022. This portfolio consists primarily of short duration government backed securities.
 
Last edited:
stonedinvestor said:
Here are some highlights) Crescent Point>



CALGARY, AB, March 2, 2023 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2022.

KEY HIGHLIGHTS

  • Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base.
  • Reduced net debt by approximately $850 million, or over 40 percent.
  • Returned nearly $500 million to shareholders through dividends and share repurchases totaling over five percent of the float.
  • Increased drilling inventory in the Kaybob Duvernay to over 20 years while optimizing portfolio through non-core dispositions.
  • Increased NAV per share by 30 to 35 percent across all categories and replaced 113 percent of 2022 production on a 2P basis.
  • Generated strong FD&A recycle ratios, including change in FDC, of 3.4 and 2.3 times based on PDP and 2P reserves.
  • Achieved best safety scores in company history and remain on track to meet or exceed land, emissions and water targets.
  • Expect to generate significant excess cash flow of approximately $1.0 billion in 2023 at US$75/bbl WTI.
"Our success in 2022 demonstrates our ability to execute our long-term strategy of capital discipline, balance sheet strength, sustainability and returning capital to our shareholders," said Craig Bryksa, President and CEO of Crescent Point. "Since beginning this transformation five years ago, we have delivered consistent and compounding benefits for our shareholders. Our multi-basin portfolio generates significant excess cash flow driven by industry leading netbacks, which we have further enhanced through the addition of our Kaybob Duvernay asset. This, combined with our superior technical, operational and safety performance, positions us to deliver substantial returns to shareholders now and well into the future."

FINANCIAL HIGHLIGHTS

  • Adjusted funds flow totaled over $2.2 billion for the year ended December 31, 2022, or $3.91 per share diluted, driven by a strong operating netback of $62.94 per boe. In fourth quarter, adjusted funds flow totaled $522.8 million, or $0.93 per share diluted.
  • For the year ended December 31, 2022, development capital expenditures, which included drilling and development, facilities and seismic costs, totaled $956.1 million, in-line with the Company's annual guidance of $950 million.
  • Net debt as at December 31, 2022 was less than $1.2 billion, reflecting a reduction of $850.3 million, or over 40 percent since the beginning of 2022. On January 11, 2023, Crescent Point closed its acquisition of additional Kaybob Duvernay assets, which included a net cash payment of approximately $370 million. As of the acquisition close, Crescent Point's net debt was approximately $1.5 billion.
  • For the year ended December 31, 2022, Crescent Point reported net income of approximately $1.5 billion. The Company's 2022 net income includes the positive contribution of a $0.4 billion ($0.3 billion after-tax) non-cash impairment reversal due to higher commodity prices, net of increased cost assumptions due to inflation.
  • As part of its risk management program, Crescent Point has hedged approximately 15 percent of its total production in 2023, net of royalty interest, including over 20 percent in the first half of the year.
RETURN OF CAPITAL HIGHLIGHTS

  • In July 2022, the Company updated its return of capital framework to target the return of up to 50 percent of its discretionary excess cash flow, in addition to its base dividend, through a combination of share repurchases and special dividends.
  • The Company's total return of capital to its shareholders in 2022 was $483.3 million comprised of base dividends, share repurchases and special dividends. This included $287.8 million in the second half of the year under its updated framework, or approximately 60 percent of its excess cash flow.
  • During fourth quarter, Crescent Point repurchased 8.6 million shares for $86.6 million, bringing total repurchases to 31.3 million shares for $294.2 million in 2022, representing over five percent of its public float. The Company remains active on its normal course issuer bid ("NCIB") and has repurchased 3.2 million shares for $30.0 million to-date in 2023. Crescent Point has filed notice with the Toronto Stock Exchange ("TSX") of the intention to renew its NCIB, which is due to expire on March 8, 2023.
  • The Company's Board of Directors ("Board") has declared a special cash dividend, based on fourth quarter 2022 results, of $0.032 per share payable on March 17, 2023, to shareholders of record as of the close of business on March 10, 2023.
  • As previously announced, Crescent Point's Board approved and declared a first quarter 2023 dividend of $0.10 per share, payable on April 3, 2023 to shareholders of record on March 15, 2023. This equates to an annualized dividend of $0.40 per share, an increase of 25 percent from the prior level or 122 percent since the beginning of 2022.
More...
Know why?
This:

Additionally, 116.6% of its total cash flow came from the selling of Property, Plant, or Equipment.
During Fiscal Year 2022, CPG spent $858.7M on capital expenditures. As a percent of sales, this was among the highest in the Oil & Gas Exploration &
Production Sub-industry group but represented a steady decrease in spending over the last four years.
:rolleyes:

Their revenue is the same as it was in 2015.
 
SOFI's timing is good heading into their next report--




SOFI Q1 2023

Given that Q1 2023 was negative $34 million, it isn't just a huge jump needed to reach company-wide positive GAAP net income.

Going from a loss of $110 mil to $34 mil is rather hearty progress!
 
stonedinvestor said:
Remember I am putting together names for a 19 year old young man and the idea is for HUGE returns not safe & slow---

.
More...
Dumb.
That's not the way to create wealth.
If you want that, play options near term.

SOFI looks like it might go to zero.
 
With CPG--

The Kaybob Duvernay has a lot of natural gas production, therefore the recent rally of natural gas prices has made that particular set of leases more profitable than has been the case in some time. As exporting capabilities increase in North America, those leases could see still more profitability improvement.

The finances here are better than they have been in years, and they are going to improve more. That should lead to a higher base dividend all by itself. This management appears to be taking a more United States view of dividends in that it intends to have a dividend that gets paid throughout the business cycle combined with an occasional bonus announcement.

The NYSE listing should also raise visibility.:thumbsup:
 
stonedinvestor said:
Here are some highlights) Crescent Point>



CALGARY, AB, March 2, 2023 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2022.

KEY HIGHLIGHTS

  • Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base.
  • Reduced net debt by approximately $850 million, or over 40 percent.
  • Returned nearly $500 million to shareholders through dividends and share repurchases totaling over five percent of the float.
  • Increased drilling inventory in the Kaybob Duvernay to over 20 years while optimizing portfolio through non-core dispositions.
  • Increased NAV per share by 30 to 35 percent across all categories and replaced 113 percent of 2022 production on a 2P basis.
  • Generated strong FD&A recycle ratios, including change in FDC, of 3.4 and 2.3 times based on PDP and 2P reserves.
  • Achieved best safety scores in company history and remain on track to meet or exceed land, emissions and water targets.
  • Expect to generate significant excess cash flow of approximately $1.0 billion in 2023 at US$75/bbl WTI.
"Our success in 2022 demonstrates our ability to execute our long-term strategy of capital discipline, balance sheet strength, sustainability and returning capital to our shareholders," said Craig Bryksa, President and CEO of Crescent Point. "Since beginning this transformation five years ago, we have delivered consistent and compounding benefits for our shareholders. Our multi-basin portfolio generates significant excess cash flow driven by industry leading netbacks, which we have further enhanced through the addition of our Kaybob Duvernay asset. This, combined with our superior technical, operational and safety performance, positions us to deliver substantial returns to shareholders now and well into the future."

FINANCIAL HIGHLIGHTS

  • Adjusted funds flow totaled over $2.2 billion for the year ended December 31, 2022, or $3.91 per share diluted, driven by a strong operating netback of $62.94 per boe. In fourth quarter, adjusted funds flow totaled $522.8 million, or $0.93 per share diluted.
  • For the year ended December 31, 2022, development capital expenditures, which included drilling and development, facilities and seismic costs, totaled $956.1 million, in-line with the Company's annual guidance of $950 million.
  • Net debt as at December 31, 2022 was less than $1.2 billion, reflecting a reduction of $850.3 million, or over 40 percent since the beginning of 2022. On January 11, 2023, Crescent Point closed its acquisition of additional Kaybob Duvernay assets, which included a net cash payment of approximately $370 million. As of the acquisition close, Crescent Point's net debt was approximately $1.5 billion.
  • For the year ended December 31, 2022, Crescent Point reported net income of approximately $1.5 billion. The Company's 2022 net income includes the positive contribution of a $0.4 billion ($0.3 billion after-tax) non-cash impairment reversal due to higher commodity prices, net of increased cost assumptions due to inflation.
  • As part of its risk management program, Crescent Point has hedged approximately 15 percent of its total production in 2023, net of royalty interest, including over 20 percent in the first half of the year.
RETURN OF CAPITAL HIGHLIGHTS

  • In July 2022, the Company updated its return of capital framework to target the return of up to 50 percent of its discretionary excess cash flow, in addition to its base dividend, through a combination of share repurchases and special dividends.
  • The Company's total return of capital to its shareholders in 2022 was $483.3 million comprised of base dividends, share repurchases and special dividends. This included $287.8 million in the second half of the year under its updated framework, or approximately 60 percent of its excess cash flow.
  • During fourth quarter, Crescent Point repurchased 8.6 million shares for $86.6 million, bringing total repurchases to 31.3 million shares for $294.2 million in 2022, representing over five percent of its public float. The Company remains active on its normal course issuer bid ("NCIB") and has repurchased 3.2 million shares for $30.0 million to-date in 2023. Crescent Point has filed notice with the Toronto Stock Exchange ("TSX") of the intention to renew its NCIB, which is due to expire on March 8, 2023.
  • The Company's Board of Directors ("Board") has declared a special cash dividend, based on fourth quarter 2022 results, of $0.032 per share payable on March 17, 2023, to shareholders of record as of the close of business on March 10, 2023.
  • As previously announced, Crescent Point's Board approved and declared a first quarter 2023 dividend of $0.10 per share, payable on April 3, 2023 to shareholders of record on March 15, 2023. This equates to an annualized dividend of $0.40 per share, an increase of 25 percent from the prior level or 122 percent since the beginning of 2022.
More...
EPS SINCE 2015.
Which one is on the right track?

Untitled.jpg
 
EPS SINCE 2015.
Which one is on the right track?

LOL-- Stock trading is about the future you know that!!!

One is growing massively and one is stagnant.-

One has made a great purchase and will grow reserves over 20% and one hasn't.
and has declining reserves of 17%

One has a higher dividend and the potential to DOUBLE IN 1 Year

One doesn't....
 
You must log in or register to reply here.
Back
Top