PE - Parsley Energy: A Standout Pure Permian Player

Introduction

Shares of Parsley Energy (PE) suffered over the first part of the year thanks initially to an ill-timed acquisition, Jagged Peak, in October of last year. And, of course, the virtual collapse of industry fundamentals due to the oil price war and the COVID-19 outbreak, making the Jagged Peak deal look even worse in hindsight.

Source

In this article we will review this company within our core thesis for shale survivors.

• Liquidity - As a combination of cash and credit, can they last more than a quarter or two before hitting a