XEC News and Press, Cimarex Energy Co From 02/18/21

Cimarex Energy (XEC) declares $0.27/share quarterly dividend, 22.7% increase from prior dividend of $0.22.Forward yield 2.18%Payable June 1; for shareholders of record May 14; ex-div May 13.See XEC Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Cimarex ...

President Biden is following through on his promises of axing Keystone XL and a 60-day moratorium on oil and gas leases/permits on federal lands, minerals, and waters. Goldman notes following the actions that the longer-term implications are bullish for the energy markets. Shale names...

Many seem surprised by a federal lease ban. They shouldn't, as this was well-telegraphed. More than a year of foreshadowing gave E&Ps with exposure time to build a permit backlog to work through. The moratorium only impacts future lease sales. Production on federal acreage is ...

Cimarex Schedules Fourth Quarter 2020 Earnings Release and Conference Call PR Newswire DENVER , Jan. 20, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced it plans to report fourth quarter 2020 financial results on Monday, February 22...

In late October, I mentioned that oil's downturn was cyclical not secular. It now seems that "peak investment" might pose a bigger risk than "peak demand". While nobody wants to own energy stocks anymore, maybe you should. For further details see: Nobody Owns Oil And Gas...

Chevron revised its 2021 and long-term spending guidance in December, coming in well below expectations. Notably, shale has seen its share grow of the Chevron budget in recent years, and it will jump again once Tengiz Field expansion projects are completed next year. The transacti...

2020 was a year of difficulty, and a year of opportunity, even larger than the opportunities present every year in the financial markets. One energy stock stood out above the rest, with Antero Resources shares gaining 91.2% in 2020 while most exploration and production stocks declined...

Higher oil prices have caused many investors to fear shale operators will drill themselves into insolvency once again. Rig counts do not support that, and thus far neither does forward guidance. Notably though, Canadian E&Ps seem a little more aggressive. Most companies will r...

There has been extremely wide dispersion in the energy stock sector in 2020. This development has been terrific for active investors. Natural gas equities focused in the core of Appalachia have significantly outperformed. Positive relative strength is often a precursor to futu...

Cimarex continues to outperform the market. Higher oil prices are propelling the stock higher. We think Cimarex is a buy at present levels for growth and income. An upgrade from Goldman implies a 20% premium to present prices. For further details see: Cimarex Energy:...