XEC News and Press, Cimarex Energy Co From 05/06/20

Cimarex Energy (NYSE: XEC ): Q1 Non-GAAP EPS of $0.58 beats by $0.19 ; GAAP EPS of -$7.77 misses by $8.20 . More news on: Cimarex Energy Co., Earnings news and commentary, Energy stocks news, Read more ...

DENVER , May 6, 2020 /PRNewswire/ -- Q1 Oil production averaged 89.8 MBbls/d Invested $274 million in the first quarter Cimarex Energy Co. (NYSE: XEC) today reported a first quarter 2020 net loss of $774.3 million , or $7.77 per share, compared to net income of $26.3 mil...

Cimarex Energy ( XEC ) may end up doing better than expected due to the effect of low oil prices on its natural gas production. Over 40% of its projected 2020 production is natural gas, and around 60% of that (25% of its total production) is Permian natural gas. One side effect of low oil pr...

The Texas Railroad Commission officially votes against mandating oil production cuts, ending a month-long debate about what actions the state regulator might take affect crude prices cratered to historic lows. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Re...

The Texas regulator who had proposed mandating oil production cuts by 1M bbl/day now says the issue is "dead," a day before the state was set to vote on the measure. More news on: Pioneer Natural Resources Company, Parsley Energy, Inc., Chevron Corporation, Energy stocks news, Stocks on ...

Energy stocks ( XLE +4.6% ) sprint to healthy gains , pacing the S&P's 11 sectors, as June WTI crude oil prices spike 30% to highs of the day. More news on: Energy Select Sector SPDR ETF, Apache Corporation, Noble Energy, Inc., Energy stocks news, Stocks on the move, News on ETFs,...

The Oklahoma Corporation Commission rules in favor of an emergency application from a small oil company to classify unprofitable production as economic waste, enabling producers to maintain leases when output is halted due to low prices. More news on: Devon Energy Corporation, Cimarex En...

Energy ( XLE +3.1% ) is easily the day's strongest sector in a rising broader market, as WTI crude oil jumped as much as 40% after Pres. Trump said he ordered the U.S. military to destroy Iranian vessels if provoked. More news on: Energy Select Sector SPDR ETF, Halliburton Company, Dia...

The Texas Railroad Commission defers a decision on whether to mandate production cutbacks in the state and will revisit the issue on May 5. More news on: Pioneer Natural Resources Company, Parsley Energy, Inc., Chevron Corporation, Energy stocks news, Read more ...

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...