XEC News and Press, Cimarex Energy Co From 02/27/19

Cimarex Energy ( XEC ) has delivered solid fourth quarter results and now looks well positioned to continue generating free cash flows as long as oil prices remain above $50 a barrel. However, the Denver, Colorado-based shale oil producer has given an underwhelming production growth forecast...

Merger activity increased last week with four new deals announced and four pending deals closing. Deal Statistics: New Deals: The acquisition of Immune Design (IMDZ) by Merck (MRK) for $300 million or $5.85 per share in cash. The acquisition of Citizens First Corporation (C...

Cimarex Energy ( XEC ) is another upstream producer that is focusing on avoiding cash burn and going for disciplined growth now. At current strip prices, it may be able to generate over $100 million in positive cash flow, and can still achieve neutral to slightly positive cash flow at $52.50 W...

Crude oil inventories in west Texas fell this week to the lowest in four months , as new pipelines begin to ease a bottleneck that depressed local crude prices as production overwhelmed pipeline capacity and filled storage tanks. More news on: Plains All American Pipeline, L.P., Enterpris...

Cimarex Energy ( XEC +1.2% ) says it plans to cut 2019 capex by ~11% Y/Y to $1.35B-$1.45B and pivot to developing assets in the Permian Basin over the Mid-continent, but it will not drop any rigs as it looks to grow its total production. More news on: Cimarex Energy Co., Energy stocks ...

Cimarex Energy Co (XEC) Q4 2018 Earnings Conference Call February 21, 2019, 11:00 ET Company Participants Karen Acierno - Director, IR Thomas Jorden - Chairman, CEO & President John Lambuth - SVP, Exploration Joseph Albi - EVP, COO & Director Mark Burford - VP & C...

Cimarex Energy (NYSE: XEC ): Q4 Non-GAAP EPS of $1.98 beats by $0.19 ; GAAP EPS of $3.32. Revenue of $624.1M (+13.3% Y/Y) beats by $3.51M . Press Release More news on: Cimarex Energy Co., Earnings news and commentary, Energy stocks news,

DENVER , Feb. 20, 2019 /PRNewswire/ -- Exploration & development capital investment estimated at $1.35 - 1.45 billion Includes drilling and completion capital of $1.1 -1.2 billion Generates year-over-year production growth of 13-22% Led by oil growth of 15-30% ...

DENVER , Feb. 20, 2019 /PRNewswire/ -- 4Q daily production above guidance averaging 251.3 MBOE; 79,904 barrels of oil Daily production for the full year averaged 221.9 MBOE; 67,699 barrels of oil 2018 E&D expenditures below guidance at $1.57 billion Cimarex sold a...

DENVER , Feb. 20, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.20 per share, an 11 percent increase from the previous dividend.  The dividend is payable on May 31, 2...