XEC News and Press, Cimarex Energy Co From 01/13/20

Occidental Petroleum ( OXY +1.2% ) is one of three oil exploration and production stocks upgraded at Morgan Stanley while the firm downgrades its industry view to In-Line. More news on: Occidental Petroleum Corporation, Concho Resources Inc., Apache Corporation, Energy stocks news, Sto...

In Part 1 of this series (which you can read here ), I compiled lots of detail about U.S. independent E&P companies debt, including results of borrowing base reviews for fall 2019, a schedule by year of maturities and amounts, as well as other financial and operational metrics which reade...

Introduction Those readers who are Wild West history buffs will undoubtedly know the story of the "Hole in the Wall Gang," actually several distinct bands of robber outlaws in the late 1800s and early 1900s that included Butch Cassidy and his Wild Bunch gang (including The Sundance Kid). The...

Several oil and gas stocks are trading higher , but because Exxon Mobil ( XOM -0.9% ) and Chevron ( CVX -0.4% ) have turned lower, the S&P energy sector ( XLE -0.5% ) now finds itself underwater. More news on: Exxon Mobil Corporation, Chevron Corporation, Energy Select Sector SP...

2019 has been yet another challenging year for oil & gas companies, with S&P Oil & Gas Exploration & Production ETF ( XOP ) down -9% year-to-date and an astonishing -70% from its peak in 2014, which is a stark contrast to major equity indices breaking to ever higher highs. From...

Cimarex Energy ( XEC ) is one of those shale oil drillers which have burned cash flows in the past but the company has substantially improved its cost structure and is looking much better now heading into 2020. I think next year could be the one when Cimarex Energy posts solid free cash flow...

"I cannot hate thee worser than I do..." - William Shakespeare, Antony and Cleopatra I know, right? What better way to start out an article on a review of the E&P sector than by referencing a quote from Shakespeare? I can see many readers already shaking their heads: "Worser" is not ev...

Permian Basin oil and gas producers must drill substantially more wells just to maintain current production levels and even more to expand output, according to a new report from IHS Markit. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc., Ene...

Cimarex Energy ( XEC ) has performed well operationally in 2019, raising its production guidance three times so far, while also lowering its capital expenditure budget modestly. It is poised to deliver positive cash flow while growing production modestly in 2020, even with $50 WTI oil and $2.5...

Synopsis The oil industry is likely to continue to experience tough times in 2020 through a combination of excessive new oil supplies and weak demand growth. The severe slide in E&P share prices during 2019 suggests that much of the bad news may be priced in. Already, there are some ...