CXO News and Press, Concho Resources Inc. From 04/09/20

Several years ago, I correctly forecast that deep water drillers are doomed . Now, it's the shale oil companies' turn. Investors need to run from shale stocks as fast as they can. We are about to see a massive wave of shale oil bankruptcies by thieving executives who have borrowed agains...

Concho Resources ( CXO -5% ) says it and other oil and gas producers in the Permian Basin already are shutting some output in response to the collapse in crude prices. More news on: Concho Resources Inc., Energy stocks news, Stocks on the move, Read more ...

Synopsis The year 2020 was always looking tough for the oil business. Global demand was estimated to grow this year by about 900,000 barrels per day whist new supplies were seen coming in at about 1.5 million b/day. Producers, especially shale operators, understood the importance of having...

Introduction Although Concho Resources (CXO) has fared better than some of its competitors, it has still seen its share price sink by almost half so far in 2020, thanks to this current unprecedented oil price crash. Approximately seven months ago in a previous article , I criticized the c...

Anyone who tried to sell short into the recent crude oil rally prompted by Donald Trump alluding to a 10 million barrel per day ("mmpd") coordinated cut to oil production has, at least for now, been run over by rampant market optimism. While many tend to levy criticism at Donald Trump and hi...

Concho Resources ( CXO ) represents real quality in this environment. While the company's shares are down two-thirds from the 2018 high, they have been holding up well, maybe not as well as the major integrated players, yet far better than most of its shale peers. Due to the quality of the c...

Because of its size and balance sheet, Chevron ( CVX ) is in better shape to withstand the oil market downturn than smaller companies. In 2019 it recognized the income hit for unprofitable natural gas and liquefied natural gas projects in the U.S. and Canada. Then the company was quick to anno...

The U.S. deciding to apply some diplomatic pressure to the Saudi Arabia-Russia price war on oil was a sliver of good news for oil markets last week. U.S. pressure may be the one effort that can bring both parties to soften their response of ignoring demand issues and the negative effects it ...

While many office workers were remote this week, the market had its worst week since 2008. This led to another week of staggering losses in midstream and oil prices. MLPs actually outperformed utilities and the DJIA this week and were roughly in line with the S&P 500 decline. The selling...

Texas regulators are considering curtailing oil production for the first time since the 1970s, WSJ reports. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc., Energy stocks news, Read more ...