WPX News and Press, WPX Energy Inc. From 03/27/20

Making an appearance on CNBC , hedge-funder Leon Cooperman says his largest "out-of-consensus" bet is on energy (NYSEARCA: XLE ). "A lot of these stocks are selling at a fraction of underlying asset value." More news on: Energy Select Sector SPDR ETF, WPX Energy, Inc., Parsley Energy, In...

This is a Z4 Research quick update. We were in the process of writing a note on a guesstimate budget reduction of 15% when management dropped a release calling for the 25% cut in spending, joining a who's who of upstream names who have announced spending cuts just weeks after speaking to 202...

WPX Energy (NYSE: WPX ) says it is reducing its 2020 capital spending plan by $400M, or ~25%, to $1.275B-$1.4B, with the flexibility to cut further. More news on: WPX Energy, Inc., Energy stocks news, Read more ...

$400 million of capital reductions under way Maintaining flexibility to adjust further Strength of hedge book protects 2020 cash flow Still targeting at least $150 MM of free cash flow with upside potential Planning to maintain ~150,000 bbl/d of oil production ...

Oil prices continued to swing wildly following Monday's  historic plunge . By 11:15 a.m. EDT on Wednesday, WTI, the U.S. oil benchmark, had declined by about 3%, giving up some of  yesterday's gains .  That renewed slump in oil prices, as well as some company-specific ...

Just a few weeks ago, it seemed there were deals to be had on a relative basis in upstream energy recently - key word being relative. Discounts to net asset value ("NAV"), recent public and private comps, and in comparison to the peer group matters not when the market goes from pricing in a ...

I will go to my grave... believing that really loose monetary policy greatly contributed to the Financial Crisis. There were obviously problems with regulation, but when we had a 1% Fed Funds rate in 2003 after, to me, it was pretty obvious that the economy had turned (up) and I think the...

Matador Resources (NYSE: MTDR ) -56% . More news on: Matador Resources Company, Parsley Energy, Inc., SM Energy Company, Stocks on the move, , Read more ...

Shareholders overwhelmingly approve transaction WPX Energy (NYSE:WPX) has completed its previously announced acquisition of Felix Energy, which has operations in the eastern portion of the Permian’s Delaware Basin. The acquisition was overwhelmingly approved by WPX sharehold...

The following slide deck was published by WPX Energy, Inc. in conjunction with their 2019 Q4 earnings Read more ...