Cimarex Energy
Toronto symbol XEC, is an oil and gas explorer and producer primarily focused in western Oklahoma, Kansas, the upper Gulf Coast areas of Texas and South Louisiana, the Permian Basin area of West Texas, plus the Gulf of Mexico.
CIMAREX ENERGY $81.59 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 85.7 million; Market cap: $7.0 billion; Dividend yield: 0.5%) produces and explores for oil and natural gas. Gas makes up 56% of its output.
Cimarex’s properties are in the Mid-Continent region of the U.S., which includes Oklahoma, Kansas and Texas; the Permian Basin of western Texas …read more »
CIMAREX ENERGY $66.72 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 86.1 million; Market cap: $5.5 billion; Dividend yield: 0.6%) produces and explores for oil and natural gas. Gas makes up 55% of its output.
Cimarex’s properties are in the Mid-Continent region of the U.S., which includes Oklahoma, Kansas and Texas; the Permian Basin of western Texas …read more »
Natural-gas prices are up 48.3%, to $3.56 U.S. per thousand cubic feet, after falling to a low of $2.40 in early September. Producers have cut back on drilling in response to lower prices. This has lowered inventories. As well, an improving economy is lifting demand.
Gas-weighted Cimarex and Devon trade at reasonable multiples to their forecast cash flows, based on today’s …read more »
CIMAREX ENERGY $27.96 (New York symbol XEC; SI Rating: Extra risk) (303-295-3995; www.cimarex.com; Shares outstanding: 83.3 million; Market cap: $2.3 billion) is an oil and gas explorer and producer primarily focused in western Oklahoma, Kansas, the upper Gulf Coast areas of Texas and South Louisiana, the Permian Basin area of West Texas, plus the Gulf of Mexico.
Cimarex’s production averaged 484.9 …read more »
These two stocks now trade at low multiples to cash flow based on the 12 months to September 30, 2008. However, oil and gas prices have fallen sharply since the end of the third quarter, which will cut their cash flow in the fourth quarter.
This trend will likely continue into next year. Nevertheless, with their low debt and high development …read more »
CIMAREX ENERGY $61.38 (New York symbol XEC; SI Rating: Extra risk) (303-295-3995; www.cimarex.com; Shares outstanding: 82.9 million; Market cap: $5.1 billion) is an oil and gas explorer and producer primarily focused in western Oklahoma, Kansas, the upper Gulf Coast areas of Texas and South Louisiana, the Permian Basin area of West Texas, plus the Gulf of Mexico.
Cimarex’s production averaged 482.8 …read more »
We continue to like the prospects for oil and gas stocks — and the recent pullback in share prices makes them attractive right now.
It’s uncertain if oil and gas prices will drop further in the short term, or move back up. Either way, prices will likely remain way above long-term averages. We think the best way to cut risk in …read more »
CIMAREX ENERGY $41.40 (New York symbol XEC; SI Rating: Extra risk) (303-295-3995; www.cimarex.com; Shares outstanding: 82.5 million; Market cap: $3.4 billion) is an oil and gas explorer and producer primarily focused in western Oklahoma, Kansas, the upper Gulf Coast areas of Texas and South Louisiana, the Permian Basin area of West Texas, plus the Gulf of Mexico.
Cimarex’s production averaged 448.5 …read more »
CIMAREX ENERGY $41.02 (New York symbol XEC; SI Rating: Extra risk) (303-295-3995; www.cimarex.com; Shares outstanding: 83.3 million; Market cap: $3.4 billion) is an oil and gas explorer and producer primarily focused in western Oklahoma, Kansas, the upper Gulf Coast areas of Texas and South Louisiana, the Permian Basin area of West Texas, plus the Gulf of Mexico.
Cimarex also purchases and …read more »
