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XEC - Cimarex Energy To Merge With Cabot Oil & Gas
July, 08 2021 02:26 PM
Cimarex Energy Co
Cimarex and Cabot have announced a merger. Cabot management long ago settled for no growth and "good enough." Cimarex can use the Cabot cash flow to grow production in different basins. Both Cimarex and Cabot need to work on the prices received for natural gas and natural gas liquids. The way to minimize the merger chance of failure is to keep both managements while pushing both to optimize operations. For further details see:
Cimarex Energy To Merge With Cabot Oil & Gas
Stock Information
Company Name:
Cimarex Energy Co
Stock Symbol:
XEC
Market:
NYSE
Website:
cimarex.com
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