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Stock Market & Financial Investment News

News Breaks
May 12, 2014
05:50 EDTCXOConcho Resources reports Q1 adjusted EPS $1.01, consensus 97c
Reports Q1 revenue $660.96M, consensus $629.78M. Reports Q1 average production of 101.6 MBoepd. Tim Leach, chairman, CEO, and president, stated, “Production during Q1 exceeded our expectations driven by improved operational efficiencies and strong well performance. Our assets in the Delaware Basin continue to deliver consistently strong results, reaffirming this region as one of the most prolific oil basins in the U.S. At the same time, we are realizing improved drill times which are enabling us to expand our budgeted drilling activity as we proceed through 2014.”
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September 1, 2015
08:10 EDTCXOSunTrust identifies E&P companies with 'most optionality'
SunTrust says that Carrizo Oil & Gas (CRZO), Concho Resources (CXO), Gulfport Energy (GPOR), and PDC Energy (PDCE) "can thrive" if oil prices rise to $55 per barrel and can "easily survive" if oil prices fall to $35 per barrel. The firm says these four companies are "best positioned to take advantage of either type of oil environment." It keeps Buy ratings on all four names.

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