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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...
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Cryptocurrencies are finding their way onto the radar of growth investors, with some impressive moves seen thus far this year. Of course, some tokens are performing better than others, with outsize gains seen among some of the smaller-cap, higher-growth projects in this space in recent weeks. ...
Today's another solid day for risk assets, with cryptocurrencies seeing appreciation across the board. The 24-hour move for the entire market, as of 12 p.m. ET, is just shy of 2%, reflecting increasingly bullish sentiment for this asset class. However, certain altcoins have absolutely skyrock...
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