A number of oil producers might continue to outspend cash flows, but Parsley Energy (PE) is on the verge of delivering free cash flows. The company will benefit from capital efficiency gains, declining costs, and growing oil production. These factors have not only put Parsley Energy in a better position to handle weak oil prices but also generate excess cash flows from the coming quarters.
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The energy investors who have been closely following the shale oil industry have heard many stories about the ongoing problem of negative free cash