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CRZO - Carrizo Oil & Gas: The Recent Correction Could Be An Interesting Speculative Opportunity
Carrizo Oil & Gas Inc.
Introduction
In the eight months since I discussed Carrizo Oil & Gas (CRZO) in a previous article, the company’s share price fell by approximately 60% and is now trading below the $10-mark. This may be a good moment to hold Carrizo once again against the light to check if the share price drop is warranted or if this provides an opportunity to this producer, active in the Delaware Basin and Eagle Ford areas.
Data by YCharts
The oil and gas production continues to increase – and so do the cash flows