CXO News and Press, Concho Resources Inc. From 04/08/19

After a few flattish weeks, midstream grinded higher this week, finishing up 1.2%. Midstream lagged oil prices, energy stocks and the S&P 500. The U.S. 10-year treasury rate bounced back up to 2.50%, and utilities underperformed. This week's gains across the board pushed the S&P 500 ...

Energy stocks are trading at deep discounts to historical valuations, based on price/book multiples and other measures, and have the most potential for gains relative to the risks in the overall market, J.P. Morgan analysts say. More news on: Vanguard Energy ETF, Chevron Corporation, Con...

(all financial numbers are presented in Canadian Dollars) I’ve gotten a lot of questions about Journey Energy ( OTC:JRNGF ) ((JOY.TO)) and why I’ve bought so much of it - almost 20% of the company. Journey is an $85 million market cap Canadian oil and gas producer. Now you ...

Next-day natural gas prices at the Waha hub in west Texas extend their slide into record negative levels , as spot prices fell to negative $3.38/MMBtu for Wednesday, easily beating the previous all-time next-day low of negative $1.99/MMBtu set last week . More news on: The United States ...

Concho Resources (NYSE: CXO ), WPX Energy (NYSE: WPX ), Quantum Energy Partners and Post Oak Energy Capital agree to sell their Oryx holdings in the Permian Basin to Stonepeak Infrastructure Partners for ~$3.6B in cash. More news on: Concho Resources Inc., WPX Energy, Inc., Energy s...

Generates Additional Net Proceeds to Concho of Approximately $300 Million Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that Oryx Southern Delaware Holdings, LLC, (“Oryx”), the owner of the Oryx I oil gat...

Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Wednesday, May 1, 2019 at 8:00 AM CT (9:00 AM ET) to discuss first-quarter 2019 financial and operating results. The Company plans to announce results for the first quar...

In my last article, I outlined my revised outlook for independent US shale producers, in light of the fairly pathetic 4Q 2018 reports that rolled in – this, in light of the strong oil price realizations from the last quarter of 2018 in the low $60 a barrel range. I warned that 1Q 2019...

Originally published March 8, 2019 Over the past decade, exploration and production companies (“producers”) have been in a land grab battle as shale oil resources (“shale oil plays”) have emerged across the United States. Starting in 2009, the Bakken Shale in N...

Our weekend preview of upcoming IPOs, earnings reports, conference presentations, investor days, IPO lockup expirations, FDA decisions, Barron's mentions and other key events that could impact stocks. If you are interested in listening to Stocks To Watch to start your Sunday (you c...