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WPX - WPX Energy: Accelerated Returns To Shareholders Becoming Unlikely
WPX Energy Inc.
After some ups and downs over the last several months, WTI prices are back to the same levels as 6 months ago. Yet, WPX Energy's (WPX) stock price dropped 23.3% over the same period of time.
Data by YCharts
The widening gap is surprising as most of WPX's revenues come from its oil production in the Permian and Williston basins.
Before the sudden drop in oil prices at the beginning of May, management mentioned the possibility of accelerated returns to shareholders:
We originally presented a goal of returning capital to shareholders in the