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CXO - Concho Resources: Quality Prevails In The Long Run
Concho Resources Inc.
Concho Resources (CXO) represents real quality in this environment. While the company's shares are down two-thirds from the 2018 high, they have been holding up well, maybe not as well as the major integrated players, yet far better than most of its shale peers. Due to the quality of the company, shares have not fallen as much as many other players, and they will tend to prevail and outperform in the long run.
Permian Basin Play
Concho is a pure play on the Permian with operations in the Delaware and Midland basin where