CCC

Cimarex Energy Co. 3.9% 15-MAY-2027

No trades
See on Supercharts
Overview
Analysis

Key terms


Outstanding amount
‪62.72 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
3.90% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.98%
Maturity date
May 15, 2027
Term to maturity
2 years

About Cimarex Energy Co. 3.9% 15-MAY-2027


Issuer
Cimarex Energy Co.
Sector
Energy Minerals
Industry
Oil & Gas Production
Home page
Issue date
Apr 10, 2017
FIGI
BBG00GD25PS4
Cimarex Energy, Co. (NYSE: XEC) is a Denver-based independent exploration and production company with operations in Oklahoma, Texas, New Mexico and Kansas. The majority of our activity is currently in the Permian Basin and the Cana–Woodford shale play in western Oklahoma. They pride ourselves on a strong technical team. The cornerstone to the Cimarex approach is detailed pre- and post-drill economic evaluation of after-tax rate of return on invested capital for every well drilled. They continually strive to maximize cash flow from producing properties for reinvestment in drill-bit driven growth opportunities. They rely heavily on our geoscientists to generate drilling prospects. They have decentralized exploration teams who are experts in their regions. A cornerstone to our approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. Our analysis includes estimates and assessments of potential reserve size, geologic and mechanical risks, expected costs and future production profiles. They also believe it is important to maintain a strong financial position and conservative capital structure in order to maintain drilling activity through all price cycles. They believe that this approach will create shareholder value through growth in reserves and production.
Advanced bond data for paid plans
Unlock important bond data including coupon rates, redemption details, risk assessments, and much more.