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XEC - Cimarex Energy: Mid-Size Permian Producer Selling At A Discount
Cimarex Energy Co
Introduction
The search for bargains is relentless as the industry starts to regain its legs. I will spare you any guessing about how I feel about this shale producer. I wish I had looked into them a few months ago when they were seriously underpriced in the teens. Darn the luck!
During the second quarter as oil prices have ramped up, Cimarex Energy (XEC) stock has followed it higher. We must confess the easy money has been made.
Seeking Alpha
XEC is still selling at ~45% discount to its January high, so there