Centennial Resource Development (CDEV) Update - May 20
Posted: Sun May 20, 2018 6:26 pm
CDEV is being promoted to the Sweet 16. It is replacing RSP Permian, which is merging into Concho Resources (CXO).
Devon Energy (DVN) is also being dropped from the Sweet 16 because it is no longer a "growth" company. DVN is still undervalued, so no reason to sell it. It is just a "value play" and not a "growth stock". My valuation is $52.00/share.
We will be sending out an updated profile on CDEV on May 21.
Devon Energy (DVN) is also being dropped from the Sweet 16 because it is no longer a "growth" company. DVN is still undervalued, so no reason to sell it. It is just a "value play" and not a "growth stock". My valuation is $52.00/share.
We will be sending out an updated profile on CDEV on May 21.