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CDEV - Centennial Resource Development: A Great Prospect On The Dip
Centennial Resource Development Inc.
Shares of Centennial Resource Development have fallen a bit since the company agreed to merge with Colgate Energy Partners III, LLC in a multi-billion dollar deal.
Investors seem spooked about the current energy environment, but Centennial Resource should be solid and will generate strong cash flows moving forward.
Add on top of this how cheap CDEV stock is on a pro forma basis, and it's certainly worth consideration.