XEC News and Press, Cimarex Energy Co From 07/21/19

Cimarex Energy ( XEC ) has seen a couple downgrades in recent days due to concerns over low realised prices for NGLs and natural gas. Cimarex's production is heavily weighted towards those commodities (around 69% NGLs and natural gas), and it does appear that if prices stay where they are,...

Cimarex Energy ( XEC -4.3% ) sinks to its lowest level in seven years as Imperial Capital downgrades shares to In-Line, citing deteriorating prices for U.S. natural gas and natural gas liquids; oil names are broadly lower as crude oil prices fall ~4% . More news on: Cimarex Energy Co....

Alexander may have thought he was having a bad day, but it was nothing compared to what long term, buy and hold E&P investors have seemingly endured on an almost daily basis for quite a while. Several media articles have appeared recently describing the “unmitigated disaster...

Cimarex Energy ( XEC -3.9% ) slumps after BMO Capital downgrades shares to Market Perform from Outperform with a $67 price target, cut from $80, expecting weak prices for natural gas and natural gas liquids will remain a headwind to the company's earnings growth. More news on: Cimarex ...

The Permian Basin has been one of the hotbeds for merger and acquisition activity in the exploration and production world as evidenced by the four transactions announced in the last year or so. With Anadarko ( APC ) agreeing to the terms of a deal with Occidental ( OXY ), I thought it would be...

Wonder Why I Look at Insider Buying? This is Why This week, I noted significant insider buying activity in both Marathon Petroleum (MPC) and PBF Energy (PBF). I combined those items with the acquisition of a Shell (RDS.A) (RDS.B) refinery in California by PBF to give me enough insight to get...

DENVER , June 20, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced it plans to report second quarter 2019 financial results on Monday, August 5, 2019 , after market close. The company will host its quarterly conference call at 11:00 AM ET on Tuesday , August 6, 2...

Cimarex Energy ( XEC ) now looks to be on track for roughly neutral cash flow (after dividends) in 2019 at mid-$50s WTI oil. It bumped up its production guidance for 2019 a bit while keeping its capex expectations the same and also expects significant oil production growth in both 2019 and fut...

The SCOOP and STACK shale plays in Oklahoma once were viewed as potentially the next Permian Basin but drilling results have disappointed , burdened by geology that has proved inconsistent that has made the area a higher-cost U.S. shale area for producers. More news on: Devon Energy Corpo...

The U.S. may now be the world's biggest crude producer, but the oil produced in the prolific Permian Basin increasingly is too light in density for domestic refiners or for exports , Reuters reports. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc...