Loading ...CDEV is an incredible bargain at 61 cents
revenue per share $3.53—book value per share $11.81–float 198 million–
and, yeah, they got debt…so did century aluminum in 2008-9–I bought it for $2–it went to $24–every company has debt
here are the stats:
https://www.cnbc.com/quotes/?symbol=XOM&qsearchterm=
Fidelity, Blackrock and Vanguard own a big chunk of it
Description
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.