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Centennial Resource Development, Inc. (CDEV)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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7.24-0.01 (-0.14%)
At close: 04:00PM EST
7.24 0.00 (0.00%)
After hours: 07:40PM EST
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  • j
    joes
    JPMorgan analyst Michael Glick Upgrades CDEV from Underweight to Neutral, Raises Price Target to $9.

    "CDEV has successfully navigated the recent commodity downturn and is set to further reduce absolute debt and leverage metrics in 2022, potentially opening the door to cash return to shareholders while also driving production growth."
    Bullish
  • G
    Grateful
    $CPE conversation
    Anyone that sells now, with WTI closing in on $90, earnings right around the corner, and the entire oil sector moving in lockstep, is making a huge mistake.
    I
    I
    I
    I
    $RIG $LPI $CDEV $MRO $OXY
  • M
    Mickey
    $CPE conversation
    EIA report
    Actual 0.515M
    Forecast -0.938M
    Previous -4.553M
    $CDEV $LPI
  • H
    Harry Ballz
    $CPE conversation
    $CDEV up today apparently due to increased PT.
  • B
    BrianKU1
    CDEV way out performing its peers today due to PT upgrades.
  • G
    Grateful
    $CPE conversation
    Analysis-Physical crude oil market steams ahead after Omicron blipFrantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said.
    Prices for physical cargoes do not always trade in tandem with oil futures and when differentials widen rapidly and considerably, they can indicate speculators have oversold or overbought futures versus fundamentals.Brent oil futures have jumped 10% since the start of the year but the physical market is still racing ahead, with differentials for some grades hitting multi-year highs, suggesting a tight market will push the futures rally on."These are crazy numbers.

    There clearly is physical tightness," a North Sea oil trader said.Key benchmark grade Forties traded at a fresh two-year high on Thursday at Dated Brent plus $1.80 a barrel.Other North Sea grades have also hit one or two year highs. Prices for key west African grades like Nigeria's Bonny Light have jumped too since the start of the year.
    The tightness began in the Atlantic Basin and spread as Asian buyers were forced to look for cheaper cargoes elsewhere. Differentials for crude from Oman, the UAE and Russia's Far East have jumped as Brent crude's premium to Dubai swaps is at its widest in two months.Several factors have fuelled prices. After the wildfire spread of Omicron in the fourth quarter, oil demand has not been badly hit in a surprise to refiners that had reduced purchases.

    Now, they suddenly have to make up for the gap.Violent protests in Kazakhstan at the start of the year prompted fears of a prolonged oil outage, which did not materialise, that would have compounded outages elsewhere such as in Libya, Canada and Ecuador. The Libyan and Ecuadorian outages were largely resolved in the past week after taking out close to 1 million barrels per day.
    At the same time, OPEC and its allies have stuck by their timeline to slowly increase output, despite repeated calls by the United States and elsewhere to go faster. Meanwhile, nuclear talks with Iran, that could also boost supply, appear stalled."Turns out Omicron wasn’t so bad and supply issues were worse than anticipated," a U.S. crude trader said."(Buyers) are snapping up everything no matter what grade."
    Inventories have also shrunk in the United States and Canada. The U.S. Energy Information Administration said on Wednesday crude oil stockpiles fell more than expected to their lowest since October 2018."With spring and summer on the horizon ... people are getting prepared to enjoy a strong market," a U.S. trader said.
    Julia Payne, Arathy Somasekhar and Florence Tan
    Sun, January 16, 2022, 7:15 AM
    $CDEV $RIG $LPI
  • P
    Pakalu Papito
    $CPE conversation
    “Famed investor Jeremy Grantham said Thursday that the stock market is in a "superbubble" and he expects the S&P 500 to plunge about 45% from current levels to a mark around 2,500.
    The co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo issued a report on his fund's website detailing his case for the massive overvaluation of stocks, saying that the market has become one of four superbubbles that have taken place in the last 100 years. “

    I will have money ready to go in deep $lpi $cdev
  • D
    Dominator
    $BTE.TO conversation
    This is going to heat up the oil markets. Drills have begun.

    https://www.google.ca/amp/s/abcnews.go.com/amp/International/wireStory/russia-nato-expansion-ban-82347415

    $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 $NRGU $USO
    Russia has maintained a tough posture amid the tensions over its troop buildup near Ukraine
    Russia has maintained a tough posture amid the tensions over its troop buildup near Ukraine
    www.google.ca
  • T
    Tomas
    $CPE conversation
    oil 86,59usd...

    $cpe $sm $cdev
    Bullish
  • W
    Ward
    CDEZ was $20 a share three years ago. FYI. Just so everyone knows. With Oil lower at the time than today. Oil servicing and upstream needs are growing daily.
  • G
    Grateful
    $CPE conversation
    API Report:
    Crude -1.1077mm (-1.85mm exp)
    Cushing -3.659mm
    Gasoline +10.86mm
    Distillates +3.035mm
    We suspect this big product (gasoline) build is API catch up to last week's official data.
    $RIG $CDEV $LPI
  • T
    Tomas
    $CPE conversation
    API
    Actual -1.077M
    Forecast -1.950M
    Previous -6.432M
    $cpe $sm $cdev
  • W
    Ward
    Last time Oil was at these prices CDEV was $17 a share. Long way to run just to catch up.
  • M
    Mickey
    $CPE conversation
    CNN: US intelligence indicates Russia preparing operation to justify invasion of Ukraine. The US has information that indicates Russia has prepositioned a group of operatives to conduct a false-flag operation in eastern Ukraine, a US official told CNN on Friday, in an attempt to create a pretext for an invasion.
    $LPI $CDEV
  • h
    hanninen
    http://the-alphatrader.com/ is a must for any trader. Their watchlist which covers pre-market movers is one of the best researched in the industry. I don’t start trading without reading their daily email each morning!
  • T
    Tomas
    $CPE conversation
    EIA
    Actual -4.553M
    Forecast -1.904M
    Previous -2.144M

    $cpe $sm $cdev
    Bullish
  • J
    James
    Wish I could see the real sp to this position for like 2 seconds... not the manipulated price
  • l
    lunar
    The only stock I have that is stable. CDEV is resisting going down.
    Bullish
  • G
    Grateful
    $CPE conversation
    EIA
    Oil: -4.6 million barrels
    Gasoline +8.0 million barrels
    Distillates +2.5 million barrels
    Propane/propylene -3.4 million barrels l
    Total commercial petroleum inventories -4.5 million barrels last week.
    $CDEV $LPI $RIG
  • t
    timothy
    Have not posted in a while but have to say anyone selling here is making a BIG mistake this company is very well positioned to have some tremendous earnings or to be acquired by another bigger player don’t make price predictions but this has the potential to go MUCH ! higher good luck to all
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