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home / news releases / AMPY - Amplify Energy: Gains Some Breathing Room With $50s Oil

AMPY - Amplify Energy: Gains Some Breathing Room With $50s Oil

Amplify Energy Corp.
  • Amplify's margins without hedges were pretty weak in Q3 2020 despite cost-cutting efforts.
  • Many of its properties have low decline rates along with relatively high operating costs.
  • 2021 strip prices should result in much improved margins, allowing Amplify to maintain oil production levels while working on reducing its debt.
  • Leverage becomes acceptable at low-$50s oil and decreases the worry about its liquidity and credit facility situation.

For further details see:

Amplify Energy: Gains Some Breathing Room With $50s Oil
Stock Information
Company Name: Amplify Energy Corp.
Stock Symbol: AMPY
Market: NYSE
Website: amplifyenergy.com
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