Concho Resources Inc. (CXO)

[Timothy Smith]

@Up - Mixed feelings about $CXO from here. Despite its expansive position in the Delaware Basin prospective for horizontal crude oil and liquids production from multiple stacked pay zones, I continue to see limited upside to CXO stock from current levels.

This is likely true until visibility improves on the company’s ability to maintain its production growth momentum and the market gains comfort with the Permian consolidation strategy.

12-month price target: US$88.00 based on a Sum of Parts methodology.

Catalyst: Southern Delaware Basin and Midland Basin Hz Wolfcamp results

All in my opinion of course. Any thoughts to share?