DENVER, May 20, 2020 -- Centennial Resource Development, Inc. (the “Company” or “Centennial”) (NASDAQ: CDEV) today announced the expiration and final results for the exchange.
DENVER, May 04, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced first quarter 2020 financial and operational.
Centennial (CDEV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) today announced that, effective May 15, 2020, the previously announced divestiture by its wholly-owned subsidiary, Centennial Resource Production, LLC, of saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas to a subsidiary of WaterBridge Resources LLC (“WaterBridge”) has been terminated. Pursuant to the terms of the purchase and sale agreement, Centennial provided written notice of termination relating to the divestiture after WaterBridge failed to close the transaction on or before 5:00 pm Mountain Time on May 15, 2020, which was the Outside Date for the divestiture set forth in the purchase and sale agreement.
DENVER, May 22, 2020 -- Centennial Resource Development, Inc. (the “Company” or “Centennial”) (NASDAQ: CDEV) announced the final settlement of the previously announced exchange.
DENVER, May 06, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its operating subsidiary, Centennial Resource.
Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) today announced it is implementing its previously announced leadership transition plan in light of the fact that Mark G. Papa has elected to accelerate the timing of his retirement as Chairman and Chief Executive Officer of the Company to March 31, 2020. As a result, the Board of Directors’ (the “Board”) previously announced leadership transition will be effective April 1, 2020. Current Director Steven J. Shapiro has been named non-executive Chairman of the Board.
DENVER, April 22, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its operating subsidiary, Centennial.
CDEV earnings call for the period ending March 31, 2020.
Q1 2020 Centennial Resource Development Inc Earnings Call
Centennial Resource Development's (CDEV) strong balance sheet can provide it with financial flexibility for growth projects.
Shares of Centennial Resource Development (NASDAQ: CDEV), Patterson-UTI Energy (NASDAQ: PTEN), Nabors Industries Inc (NYSE: NBR), and Tellurian (NASDAQ: TELL) are all down between 9.5% and 14% as of 12:44 p.m. EDT on May 13. First, oil markets got some mixed data in the past couple of days regarding crude oil inventories. According to today's oil weekly petroleum status report from the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories actually fell by about 700,000 barrels last week, as did gasoline inventories.
Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) announced today that it will report first quarter 2020 financial and operating results after the market closes for trading on May 4, 2020. Interested parties are invited to participate on the call by dialing (800) 789-3525, or (442) 268-1041 for international calls, (Conference ID: 6939844) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial’s website or by phone at (855) 859-2056 (Conference ID: 6939844) for a 14-day period following the call.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Centennial Resource Development's (CDEV) first-quarter results are hurt by lower total production and commodity price realizations. Moreover, increased operating expenses affect the profit level.
Investors need to pay close attention to Centennial (CDEV) stock based on the movements in the options market lately.
The downgrade of CRP's PDR to Ca-PD is driven by the increased probability of default as CRP is in the process of finalizing its exchange offer for the senior notes that the company expects to close on May 19, 2020. Upon the completion of the offer, an "/LD" (limited default) signifier will be appended to CRP's PDR to recognize the default. More specifically, the weaknesses in CRP's credit profile have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions and CRP remains vulnerable to the outbreak continuing to spread and commodity prices remaining low.
The exploration and development company reported earnings two days earlier, but the market wasn't done selling.
Shares of Centennial Resource Development (NASDAQ: CDEV) tumbled nearly 10% by 11:45 a.m. EDT on Tuesday. Centennial Resource Development reported a loss of $548 million, or $1.99 per share. Shutting down up to 40% of its production in May due to low oil prices.
As oil and gas companies cut back their 2020 production plans in the face of global crisis, the hedges companies have in place — and how much of their oil production is covered by them — could end up being a critical lifeline. “It really helps stabilize their business and stabilize their cash flow,” said Justin Carlson, co-founder and chief strategy officer of East Daley Capital, an oil and gas industry analysis firm based in Centennial. In good times, hedging can limit the upside price a company sees from its oil.