Elease:
The Permian Resource base has more than 20 years of inventory at $60 per barrel of oil.
Florencia:
Over the past 10 years, the company has changed its strategy to better match its portfolio and macro-environment.
Sunni:
Marathon Oil, Devon Energy, EOG Resources and Occidental Petroleum received Buy ratings from 53%, 70%, 67%, and 51.6% of analysts covering the stock.
Adrienne:
Deutsche Bank research analyst Ryan Todd stated that as commodity prices return to normal, and major companies get set to reduce their capital expenditure budget by 20%, there is increased uncertainty around the growth outlook of the lower 48 states.
Tenisha:
With these things happening, these companies are now more focused on cost of maintaining or growing production as well as on capital efficiency.
Dawne:
Deutsche Bank notified that current commodity prices are gradually settling in, and major exploration and production (E&P) companies are moving toward a more cash neutral operating expenditure environment next year.
Tyisha:
Investors are paid a small 0.6% dividend.
Joane:
It should be noted that hedge fund gurus Steve Cohen and George Soros initiated sizable new position in the company recently.
Eugenia:
Cimarex has a diversified base of high-quality production and attractive drilling opportunities, and it should be closing on a huge oil and gas asset sale soon.
Quinn:
It intends to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions.
Occidental Petroleum Corp. (NYSE:OXY)
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