For every dollar in the ground they find 2.3 dollars of oil. 20-30% production growth and 8% reduction in production cost per year. They have a lot of opportunity going forward.
Concho Resources is a American stock, trading under the symbol CXO-N on the New York Stock Exchange (CXO). It is usually referred to as NYSE:CXO or CXO-N
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In the last year, there was no coverage of Concho Resources published on Stockchase.
On 2021-01-15, Concho Resources (CXO-N) stock closed at a price of $65.83.
(A Top Pick July 24/14. Down 25.58%.) Coming into the summer of last year, 40% of his portfolios were in producers, service companies and pipelines. On July 6 his model turned lower. Over the course of July and August, all of his producers had to come out of the portfolio. Then through the fall, the pipelines came out.