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home / news releases / QEP - QEP Resources: Heavily Indebted But With Substantial Upside At $50s Oil

QEP - QEP Resources: Heavily Indebted But With Substantial Upside At $50s Oil

QEP Resources Inc.
  • QEP Resources is focusing on Permian development and may end up with close to 70% of its production coming from the Permian in 2021.
  • It is capable of generating positive cash flow at $35 WTI oil in 2021 (with the help of hedges) while keeping oil production relatively flat.
  • QEP's leverage is higher than ideal and it may need mid-$50s WTI oil to bring its leverage down to 2.0x at 2021 production levels.
  • QEP's shares have considerable risk due to its debt burden, but its shares could also triple with $50s oil.

For further details see:

QEP Resources: Heavily Indebted, But With Substantial Upside At $50s Oil
Stock Information
Company Name: QEP Resources Inc.
Stock Symbol: QEP
Market: NYSE
Website: qepres.com
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