Followers | 123 |
Posts | 7286 |
Boards Moderated | 0 |
Alias Born | 07/06/2012 |
Monday, May 11, 2015 2:10:06 AM
Carrizo Oil and Gas (CRZO) plans to drill approximately 65 gross or 58 net operating wells in frac and 64 gross or net operating wells in the play this fiscal year. These supplementary wells should contribute to the top line growth this year with better profit margin.
http://www.petrolucrum.com/2015/05/10/carrizo-oil-and-gas-eagle-ford-production-will-help-it-deliver-upside-gurufocus-com-registration/
Carrizo is executing various initiatives such as cutting down its costs through reducing its cycle days and lowering its capital expenditure. This should release more funds for Carrizo to pay off its rising debt. Moreover, it promises robust oil production in the future that should add growth to its top as well as bottom line in the future.
So, Carrizo Oil & Gas does offer a good platform for investment in the long-run. Its short term pains of minimizing operating costs and capital expenditure will enable the company to reap the fruits in the future, when oil and natural gas prices take a u turn.
http://www.gurufocus.com/news/335172/carrizo-oil-and-gas-eagle-ford-production-will-help-it-deliver-upside
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM