CLR - Concho Resources Is Raising Production By 25% In 2019
Concho Resources' (CXO) stock price has been hammered along with the rest of E&Ps due to falling oil prices and fears of a slowing global economy, particularly in emerging markets.
However, companies like CXO are lowering their breakevens by moving to manufacturing mode and are doing so by funding operations within cash flows instead of debt. They are even accelerating the amount of large-scale projects they are doing with their new RSP acquisition, which will further improve costs and margins. CXO also believes that 2019 could be an even bigger year for the