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XEC - Cimarex Energy: A Recovery From H2 2020 Seems Likely
Cimarex Energy Co
Cimarex Energy (XEC) might increase drilling activity and bring back the curtailed oil production following improvement in commodity prices to $36 per barrel. The company might struggle with low levels of earnings and cash flows in the second quarter. But the Denver, Colorado-based shale driller could start posting a recovery from the second half of the year by reporting earnings growth and free cash flows.
Image courtesy ofPixabay
Oil prices have risen substantially in the last few weeks, with the US benchmark WTI crude climbing to $36 per barrel at the time