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CDEV - Centennial Resource Likely To Generate Over $300 Million In Positive Cash Flow At $65 WTI Oil
December, 04 2021 07:23 AM
Centennial Resource Development Inc.
Centennial is projected to generate $317 million in positive cash flow in 2022 at $65 WTI oil. This would help reduce its leverage below 1.0x by the end of 2022. Big Chief and Colgate Energy transactions point to a value of near $7,000 per net acre for land once production value is backed out. This puts Centennial's estimated value at around $6.50 per share, in-line with my previous estimates based on long-term $65 WTI oil. For further details see:
Centennial Resource Likely To Generate Over $300 Million In Positive Cash Flow At $65 WTI Oil
Stock Information
Company Name:
Centennial Resource Development Inc.
Stock Symbol:
CDEV
Market:
NASDAQ
Website:
permianres.com
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