This week in the energy sector - Nov 21
Posted: Wed Nov 21, 2018 4:52 pm
It was a week where oil prices sank to the lowest finish of 2018, while natural gas futures hit more than four-year highs.
On the news front, shale producer Cimarex Energy (XEC) agreed to buy smaller rival Resolute Energy Corporation (REN) in a $1.6 billion deal, while contract driller Helmerich & Payne Inc. (HP) reported strong fiscal fourth-quarter 2018 results.
https://finance.yahoo.com/news/oil-gas- ... 04251.html
I took a hard look at the Cimarex + Resolute merger and posted my updated forecast/valuation model for Cimarex to the EPG website. The deal is definitely going to be accretive to Cimarex's earnings and cash flow from operations in 2019.
On the news front, shale producer Cimarex Energy (XEC) agreed to buy smaller rival Resolute Energy Corporation (REN) in a $1.6 billion deal, while contract driller Helmerich & Payne Inc. (HP) reported strong fiscal fourth-quarter 2018 results.
https://finance.yahoo.com/news/oil-gas- ... 04251.html
I took a hard look at the Cimarex + Resolute merger and posted my updated forecast/valuation model for Cimarex to the EPG website. The deal is definitely going to be accretive to Cimarex's earnings and cash flow from operations in 2019.