XEC - Cimarex Energy: Aiming For Disciplined Production Growth
Cimarex Energy (XEC) is another upstream producer that is focusing on avoiding cash burn and going for disciplined growth now. At current strip prices, it may be able to generate over $100 million in positive cash flow, and can still achieve neutral to slightly positive cash flow at $52.50 WTI oil while maintaining its dividend. Beyond 2019, it is aiming to grow oil production (which is currently around 32% of total production) by double digits while achieving at least neutral cash flow at $50 WTI oil.
Cimarex At $52.50 WTI Oil
At roughly