Advertisement
Advertisement
U.S. Markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Centennial Resource Development, Inc. (CDEV)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
Add to watchlist
6.52-0.41 (-5.92%)
At close: 04:00PM EDT
6.59 +0.07 (+1.07%)
After hours: 07:59PM EDT
Advertisement
Sign in to post a message.
  • H
    Harry Ballz
    $CPE conversation
    $CDEV merging with Colgate more than triples their number of rigs. I think shale oil companies have to merge and combine their strengths if they are to thrive when oil falls in price. Now is the time to do it while share prices are low.
  • m
    mark
    525 million in cash and 269.3 million shares of stock, almost doubling the number of shares available, which could have an effect on the market depending how many of those shares end up back on the market and when. In addition, they are buying assets with oil at 110, that might be on the high side for valuation. Stock might pull back a little due to valuation premium.
  • D
    Drew C.
    $LPI conversation
    Today's EIA report was incredibly bullish for oil. Overall oil drawdown of 8.4 million barrels in the latest reported week. SPR drawdown was a massive 5.0 million barrels (by far the biggest this year), yet even with that the commercial (non SPR) inventories went down a net 3.4 million barrels.

    SPR is now down 14.6% from one year ago.
    Commercial (non SPR) is down 13.4% from one year ago.
    Total US oil inventory (all of the above) is down 14.1% from one year ago.

    $LPI $ESTE $CDEV $SM $FANG $PXD $CPE
  • A
    Anonymous
    Sold just now after holding it for a year. Made a decent profit, but it was a disappointment compared to a lot of other oil companies I could have bought.

    I think this merger will suppress the share price for a while, so heading elsewhere.

    Good luck to all those invested here.
  • m
    msw
    Well, just my luck. I bought this on tuesday for 7.73. Question is, do I average down or take my beating and move on? I also currently have LPI, CPG, SD, SBOW and ESTE. Thinking I should give this a chance.....
  • D
    David
    If cdev keeps dropping, it will be down ytd. It closed on 31 Dec at 5.98. That's only about .50 lower. So much for increasing shareholder value.
  • A
    Anonymous
    Why am I always on the wrong side of these deals, instead of Colgate buying cdev for 10 bucks a share.
  • B
    Bob
    Should've focused on buying back there own shares instead of this deal.
  • D
    Dominator
    $BTE.TO conversation
    We have an energy crisis on our hands and I’m in love with it. Not sure how they will ever catch up!!
    Crude: -2.445M
    Cushing: -3.071M
    Gasoline: -5.102M
    Distillates: +1.075M

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $VET $PBA $MUR $PVL $KRP $BCEI $ERF $TPL $CPK $OMP $EGY $USO $NRGU $CNQ
  • M
    Mothra
    Well they sure Much better Hedges in place than the current CDEV management,.......How much of that 70K boe/day by Colgate is Oil?
  • D
    David
    Buyer Beware … incompetent management lurks within cdev.

    As of 2pm EDT
    Oil – 51% increase in value YTD.
    Cdev, which claims to be an oil company – 8.5% increase in value YTD (and dropping)

    Now granted, the price change in a bbl and the change in SP of an oil company are not going to move in a 1 for 1 correlation, but there should not be a great difference since oil is the asset the company sells. What has been added to the asset, in this case oil, to change its value? Could it be management decisions??? As acknowledged, the correlation between the price of a bbl and the SP of an oil company are not going to move exactly in tandem; however, the gap between the increase in the price of oil and the increase in the SP of cdev is prima facie evidence of incompetent management.
  • F
    Faseb
    More or less like they bought a same size company with $3.9 Bil , take $1.4 bil debt, with share dilution of 95% to 554 mil, with questionable oil production amount, and FCF generation .
  • W
    WCSG122
    CDEV has a presentation on their website detailing the proposed merger, income and hedging positions of the two companies. proforma expectations, etc. I would expect analysts will weigh after reviewing the info, but the merger appears to be accretive to CDEV shareholders. GL
  • T
    THE OTHER OTHER MARK
    So if they change the ticker symbol that only means the ticker symbol changes correct. We all keep our current shares?
  • H
    Harry Ballz
    Apparently CDEV feels this is the step needed to get them to the next level. The company only has two wells and I'm interested to see exactly what the merger adds to their production.
  • B
    BrianKU1
    $CPE conversation
    Whoa $CDEV and Colgate to combine.
  • D
    Dominator
    $BTE.TO conversation
    Over the last 130 years, there have been four times when commodity
    markets became radically undervalued versus the stock market: 1929, the late 1960s, the late 1990s, and today. I think Wall Street is just beginning to pull up their pants.

    $BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $VET $PBA $MUR $PVL $KRP $BCEI $ERF $TPL $CPK $OMP $EGY $USO $NRGU $CNQ

    Add your ticker below for some nice oil communications
  • L
    Lefty
    Well, it’s been a ride ppl. Bought in at .50 and got out last week. Oils are nonsensical in this current market. GLTA
  • G
    Grateful
    $CPE conversation
    Gas prices: 62% of Americans plan to vacation, most driving domestically: Survey
    More than 60% of Americans plan to take a vacation this summer, but most will do so domestically, according to a Yahoo/Maru Public Opinion Survey.

    The study of 1,509 adults found that two-thirds, or 62% of respondents, plan to take a vacation between now and September 1, while 38% said they won’t.
    Ines Ferré·Markets Reporter: Fri, May 13, 2022, 2:27 PM
    $CDEV $LPI $RIG
  • F
    Faseb
    Nice hair cut. This is how cdev increases shareholder’s value
Advertisement
Advertisement