Parsley Energy (PE) delivered robust levels of free cash flows in 2Q20, and with the expected increase in cash flow from operations and low levels of capital expenditures, the Austin, Texas-based oil producer will likely continue reporting free cash flows in the future. Parsley Energy will likely then use the excess cash to create value for shareholders through dividend growth and debt reduction. For these reasons, I think Parsley Energy is a great oil stock for investors to consider.
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Free Cash Flows In The Downturn
After years of focusing