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Pioneering oilman Mark Papa warns that US shale oil forecasts are too optimistic [CNBC]
Last centennial resource development, inc cl a earnings: 11/5 04:05 pm
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US:NASDAQ Investor Relations: ir.cdevinc.com
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F. Carter Smith | Bloomberg | Getty Images Mark Papa, chairman and CEO of Centennial Resource Development, offers his insight on US shale production at the 2018 CERAWeek by IHS Markit conference in Houston Mark Papa, a pioneer in the U.S. shale oil revolution , is warning that forecasts for booming U.S. production growth will leave industry watchers disappointed in the coming years as drillers burn through their best wells and tighten their purse strings. The impression of U.S. shale as the big bad wolf is perhaps a bit overstated, Papa told an audience at this year's CERAWeek by IHS Markit in Houston. Papa's comments on Tuesday were a stark contrast to the tone of cautious optimism at the conference, where many executives claimed that data analytics and technology, like machine learning, will improve efficiency in the oil patch and fuel further gains. His remarks also come on the heels of an International Energy Agency report on Monday t
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NEWS
NEWS
- Centennial Resource Development Inc (NASDAQ: CDEV) was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating.[MarketBeat]
- Centennial Resource Development Inc (NASDAQ: CDEV) had its "strong-buy" rating re-affirmed by analysts at Ifs Securities.[MarketBeat]
- Centennial Resource Development Inc (NASDAQ: CDEV) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating.[MarketBeat]
- Centennial Resource Development, Inc. Announces Fourth Quarter and Full Year 2018 Earnings Conference Call[GlobeNewswire]
- Centennial Resource Development Inc (NASDAQ: CDEV) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "underweight" rating.[MarketBeat]
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CDEV
SEC Filings
SEC Filings
- 2/19/19 - Form 4
- 2/19/19 - Form 4
- 2/19/19 - Form 4
- CDEV's page on the SEC website
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