Cimarex Energy (XEC) might increase drilling activity and bring back the curtailed oil production following improvement in commodity prices to $36 per barrel. The company might struggle with low levels of earnings and cash flows in the second quarter. But the Denver, Colorado-based shale driller could start posting a recovery from the second half of the year by reporting earnings growth and free cash flows.
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Oil prices have risen substantially in the last few weeks, with the US benchmark WTI crude climbing to $36 per barrel at the time