When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
XEC - Why Cimarex Energy Could Continue To Underperform
Cimarex Energy Co
Cimarex Energy (XEC) has said it can balance cash flows at $50 a barrel oil prices but unlike other oil producers, the Denver, Colorado-based company’s production profile is heavily tilted towards natural gas. The weakness in natural gas prices, therefore, puts Cimarex Energy in a tough spot. The company is now facing a challenging outlook and may find it difficult to deliver free cash flows, even as oil continues to trade higher than the company’s cash flow break-even level. Cimarex Energy’s shares are trading at a discount against its peers but I don’t