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Cimarex Energy (NYSE: XEC) closed yesterday at $46.45. So far the stock has hit a 52-week low of $15.35 and 52-week high of $48.54. Cimarex Energy stock has been showing support around 45.26 and resistance in the 48.28 range. Technical indicators for the stock are Bullish and S&P gives XEC a positive 4 STAR (out...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Cimarex Energy (NYSE: XEC) closed yesterday at $46.05. So far the stock has hit a 52-week low of $15.35 and 52-week high of $47.87. Cimarex Energy stock has been showing support around 44.79 and resistance in the 47.63 range. Technical indicators for the stock are Bullish and S&P gives XEC a positive 4 STAR (ou...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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Energy Firms Draw Fresh Lazard Capital Coverage

Cimarex Energy Co. (XEC)

Q3 2009 Earnings Call

November 3, 2009 1.00 pm ET

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Cimarex Energy Co. (XEC)

Q3 2009 Earnings Call

November 3, 2009 1.00 pm ET

Complete Story »

Question-and-Answer SessionOperator Operator Instructions Your first question comes from Ray Deacon - Pritchard Capital. Ray Deacon - Pritchard Capital I had a question about the Cana step out well to the south I guess for Tom. I guess I know you talked about having one section of the Shale...

Cimarex Energy (NYSE: XEC) opened at $38.70. So far today, the stock has hit a low of $37.62 and a high of $41.00. XEC is now trading at $40.82, up $1.10 (2.76%). The stock hit its 52-Week high of $47...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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Kurt Wulff (McDep Associates) submits:

Buy-recommended Cimarex Energy (XEC) has built up its best backlog of drilling projects while maintaining low debt, minimal hedging and generating cash at the highest rate of any stock in our income and small cap coverage. Shale gas in western Oklahoma, a 3-D seismic natural gas play in southeast Texas, and horizontal oil in west Texas, all appear to be working well. The prospects are reassuring because reinvestment effectiveness is especially important for companies generating high levels of cash.

At the same time, Cimarex’s low-debt policy helped the company to gain ground on high-debt competitors during the turmoil of the past year. Nonetheless, management felt it necessary to take out some price insurance in the form of hedging to assure minimal operations to keep the organization on top of its game, among other considerations. XEC stock has appreciation potential of 9% to a McDep Ratio of 1.0 where stock price would equal Net Present Value (NPV) of $46 a share. NPV could be higher considering a somewhat low unlevered multiple of Present Value to Ebitda compared to the ratio of Adjusted Reserves to production. We may also be entering the phase of the cycle where natural gas price moves up while drilling costs lag, the most favorable conditions for Cimarex’s active drilling strategy.

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