XEC News and Press, Cimarex Energy Co From 04/18/20

Independent E&P operator Cimarex (NYSE: XEC) just announced a massive cut to production for 2020, shutting down all but one producing rig starting in May. How much revenue can it make off of one oil rig? Thanks to management's hedging, quite a bit. IMAGE SOURCE: GETTY IMAGES Mos...

Cimrex Energy ( XEC ), which was previously targeting double-digit growth in oil production, has now significantly curtailed drilling activity as it concentrates on preserving its financial health. The company benefits from having meaningful downside protection, with a large part of its oil ...

Cimarex Energy (NYSE: XEC ) says it now expects a 55%-60% cut in its 2020 capital spending from its original guidance of $1.25B-$1.35B. More news on: Cimarex Energy Co., Energy stocks news, Stocks on the move, Read more ...

DENVER , April 15, 2020 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that, due to the continued weakness in oil prices, it now expects a 55-60 percent reduction in its 2020 capital investment program from its original guidance of $1.25 - $1.35 billion . The compa...

Deep divisions in the Texas oil industry came to the surface Tuesday as regulators heard advocates as well as opponents of a plan to cut the state's oil production by 1M bbl/day. More news on: Pioneer Natural Resources Company, Parsley Energy, Inc., Exxon Mobil Corporation, Energy stock...

DENVER , April 7, 2020 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced it plans to report first quarter 2020 financial results on Wednesday, May 6, 2020 , after market close. The company will host its quarterly conference call at 11:00 AM ET on Thursday , May 7, 2020...

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...

The S&P 500 ( SPY ) produced its worst quarterly return since the Financial Crisis, shedding over 19%. Bigger was still better through. The S&P MidCap 400 Index ( MDY ) produced a -29.7% total return in the first quarter. This was 4% worse than the -25.6% quarterly return during the fo...

DENVER , April 2, 2020 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) ("Cimarex" or the "Company") announced today that, due to the current situation regarding the public health impact of the COVID-19 pandemic and limitations within the State of Oklahoma on all non-essential g...

The energy sector ( XLE +4% ) takes an unaccustomed spot at the top of the S&P sector leaderboard, as U.S. oil futures firm with Pres. Trump and Russia's Pres. Putin agreeing to talks aimed at stabilizing energy markets. More news on: Energy Select Sector SPDR ETF, Noble Energy,...