JAG - Jagged Peak Expects Solid Production Growth As It Attempts To Scale Up
Jagged Peak Energy (JAG) is planning on continuing to grow its production at a reasonably fast rate over the next couple years and may incur a substantial amount of cash burn until it can reach positive cash flow. The company does have plenty of liquidity and relatively low leverage though, and it appears to have a viable path to get to positive cash flow with $50 to $60 oil.
It is focusing on reducing well costs during 2019, which could result in pretty strong capital efficiency given its good well level results.