PE - Parsley Energy: A Great Oil Stock For Your Watchlist

Parsley Energy (PE), like a vast majority of its peers, is facing a tough outlook as the weakness in oil prices, combined with declining production, will take a toll on earnings. But its low-cost operations and a major cut in capital expenditures have put the Austin, Texas-based shale oil producer in a good position to sustain the downturn. I expect Parsley Energy's production, earnings, and cash flows to begin recovering from the second half of 2020 as oil prices climb to more than $30 per barrel. The company's cash flow from operations will

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