Carrizo Oil & Gas: Expecting 20% To 25% Exit Rate Production Growth [Seeking Alpha]
CARRIZO OIL & GAS (CRZO)
Last carrizo oil & gas earnings: 11/4 04:05 pm
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Source: Seeking Alpha
Carrizo Oil & Gas: Expecting 20% To 25% Exit Rate Production GrowthSummaryCarrizo made multiple divestitures in 2017 while adding to its Delaware Basin position.It is attempting to rebuild production now and may end up with 20% to 25% exit rate production growth from continuing operations.Carrizo will burn a significant amount of cash during 2018 but should reach neutral cash flow by late 2018 or early 2019.Production growth may moderate as Carrizo focuses on achieving neutral to positive cash flow thereafter.
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