Looking ahead: Concho Resources (CXO)

dan_s · Post by **dan_s** » Mon Oct 29, 2018 5:35 pm

Note from my friends at Morgan Stanley:
"We also remain constructive on CXO into earnings and believe it will give preliminary 2019 guidance. CXO may surprise the market by moderating spending relative to cash flow in 2019 and begin generating significant FREE CASH FLOW. Under this scenario, we believe CXO could still beat Street 2019 oil production estimates by +7% and be in a position to de-lever and return capital to shareholders in the form of dividends or a stock buyback."

CXO will report Q3 results after the markets close on Tuesday, October 30.