XEC - Buy the dips

[dan_s]

Cimarex 1st quarter production will be down 3% to 4% from Q4 due to weather related issues, primarily in the Permian Basin. Beyond Q1, the company’s production will be ramping up sharply as more rigs are deployed and they complete some high rate wells that are now waiting on frac equipment.

This one has a lot more upside for us but we may see a dip when 1st quarter results come out.

I would rate it a STRONG BUY on any dips below $110.