CDEV - Centennial Resource Development: On Track To Eliminate Net Debt In 2023 While Growing Oil Production
- Centennial is projected to generate $635 million in positive cash flow in 2022 at $100 WTI oil.
- It may be able to generate a similar amount of positive cash flow in 2023 at current strip.
- Centennial is also growing oil production by 10% to 15%.
- It should be able to eliminate its net debt by the end of 2023 while also completing its share repurchase program.
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Centennial Resource Development: On Track To Eliminate Net Debt In 2023 While Growing Oil Production