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XEC - Cimarex Energy: Recovery Starts To Materialize After A Tough Q2
Cimarex Energy Co
Cimarex Energy (XEC) has increased drilling activity and its production, which will decline in the second half of 2020, and will likely begin to recover towards the end of the year. Moreover, the company's earnings should also increase and it will likely generate strong levels of free cash flows as it capitalizes on the oil price recovery. I think the Denver-based Cimarex Energy will end 2020 on a strong note, with solid momentum as it heads into 2021 and a clear line of sight towards production recovery, higher earnings, and solid free cash