- This topic has 4 replies, 3 voices, and was last updated 5 years, 2 months ago by ThePitBoss.
- 02 Aug '17 at 7:31 pm #10863
[article]104[/article]03 Aug '17 at 2:05 am #10865ClemSnideParticipant
Hit hard and before the report – was their a downgrade? I noticed many were hit after the EIA report and came back. The blend change with NGL upset also. 12% is a big wound to carry around, even in this space.24 Dec '17 at 8:16 am #14102
RBC issued a note $PE positive on the company’s Permian exposure:
Key factors that drive outperformance include a core Permian asset base, 50%+ oil growth in 2018E, a more managed cash flow & capital spending outlook, and a strong balance sheet. The company is capable of FCF neutrality by mid-2019, assuming flat activity levels. If crude oil prices remain above $50/bbl (WTI), free-cash-flow neutrality is likely more “conceptual”, in our view, because value creation will come organically through the drill-bit.
RBC has a $36 price target
Parsley Energy Inc
NYSE: PE · December 22, close 29.54 ▲ 0.33 (1.13%)24 Dec '17 at 9:45 pm #14117MoneyNeverSleepsParticipant
Good play for the shale ahead – timing key on this name10 Jan '18 at 1:43 am #14384
U.S. shale producer Parsley Energy just made its CEO succession plan public.
CEO Bryan Sheffield will step down at end of 2018, be succeeded by deputy Matt Gallagher.
Sheffield will remain Executive Chairman for another year & Chair thereafter. $PE
Ernest Scheyder Verified account @ErnestScheyder
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