Civitas Resources: Initiation Of Coverage – The 4 Fundamental Aspects Fueling Its Growth Uncovered! 

Civitas Resources’ latest 4Q 2023 earnings unpacked the company’s robust financial and operational results, strategic progress, capital allocation policy, and its attractive outlook for 2024. Civitas has successfully executed numerous strategic changes over the past year, aiming to diversify, scale and strengthen its business. The team successfully entered a second world-class basin, the Permian, through three different large-scale transactions and compelling valuations. As a result, Civitas has doubled its production, reserves, and inventory of high-return development wells, strengthening its position to create long-term shareholder value.