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CXO - Concho Resources: A Likely Survivor But Still An Unattractive Investment
Concho Resources Inc.
Introduction
Although Concho Resources (CXO) has fared better than some of its competitors, it has still seen its share price sink by almost half so far in 2020, thanks to this current unprecedented oil price crash. Approximately seven months ago in a previous article, I criticized the company's plan to conduct share buybacks, and this article provides an update regarding both its ability to remain a going concern amidst this current turmoil, and if so, whether it is an attractive investment.
Cash Flows & Debt
Thankfully, the graphs largely speak for themselves, with the