Centennial Resource Development: Benefit From Lack Of Hedges May Erode In 2019 [Seeking Alpha]
Centennial Resource Development, Inc. - Class A (CDEV)
Last centennial resource development, inc. - class a earnings: 2/24 04:14 pm
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Source: Seeking Alpha
Centennial Resource Development: Benefit From Lack Of Hedges May Erode In 2019SummaryCentennial continues to deliver strong well-level results on its way to reaching 65,000 barrels per day of oil production in 2020.Centennial's Q3 2018 results felt the full impact of wider differentials, although the differential situation has since improved.Lack of oil hedges contributed to strong 2018 results and helped Centennial realize significantly higher per barrel for its oil (net of hedges) than some Permian producers.At strip prices, this advantage has eroded for 2019 though, with current strip prices around what producers had previously hedged at.
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