JAG - Consider Jagged Peak Enregy As It Ramps Up Development
Jagged Peak Energy (JAG) has struggled with weak levels of cash flows, but the Permian Basin-focused oil producer is showing the first signs of recovery and will likely turn around soon. The Denver-based shale oil producer will achieve capital efficiency and cost savings as it ramps up development activity. This will have a positive impact on the company’s earnings and cash flows.
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Jagged Peak Energy has struggled with declining profits this year, thanks in large part to the weakness in oil prices. The company’s adjusted profits for the first