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XEC - Natural Gas E&P Sell-Off: Hedging Gone Awry
August, 02 2021 05:24 AM
Cimarex Energy Co
Natural gas E&Ps were hit hard last week, booking large hedging losses during a period of strength for the commodity. The degree of hedging between Q1 and Q2 caught many flat-footed, with short-term traders exiting positions. Longer term though, the story has not changed a lot for these firms. Cash flow visibility is healthy and looks quite attractive versus valuations. For further details see:
Natural Gas E&P Sell-Off: Hedging Gone Awry
Stock Information
Company Name:
Cimarex Energy Co
Stock Symbol:
XEC
Market:
NYSE
Website:
cimarex.com
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