Savvy mergers cut your energy-stock risk

Oil and gas prices have moved up lately. But the future direction of energy prices depends on a lot of things, particularly economic growth rates around the world in the wake of COVID-19. Meanwhile, though, well-established companies in the industry have taken advantage of the… Read More

Big merger is a plus for Cimarex

CIMAREX ENERGY, $69.76 (New York symbol XEC; TSINetwork Rating: Extra Risk) (Shares o/s: 102.8 million; Market cap: $7.3 billion; Divd yield: 1.6%) is now merging with Cabot Oil & Gas (symbol COG on New York). The companies have yet to come up with a new… Read More

Cimarex’s assets add to its appeal

CIMAREX ENERGY CO. $34 is a buy. The company (New York symbol XEC; Resources sector; Shares outstanding: 102.0 million; Market cap: $3.5 billion; Dividend yield: 2.5%; Takeover Target Rating: Medium; www.cimarex.com) produces and explores for natural gas and oil. Gas makes up 43% of the… Read More

They’re setting themselves up for gains

CIMAREX ENERGY $49.76 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 101.4 million; Market cap: $5.2 billion; Dividend yield: 1.6%) produces and explores for natural gas and oil. Gas makes up 41% of the company’s output; the remaining 59% is oil.
In the three months… Read More

Prime drilling prospects add promise

DEVON ENERGY CORP. $28.53 (New York symbol DVN; TSINetwork Rating: Extra Risk) (405-235-3611; www.dvn.com; Shares outstanding: 508.8 million; Market cap: $13.4 billion; Dividend yield: 1.1%) is one of the largest explorers and producers of oil and natural gas in the U.S. The production mix for the company’s 19,000… Read More