Category Archives: YoY

We have some experience with XEC in the past.  On July 17, 2012, we bought the stock and said the following:

“At the quarterly dividend rate of $0.12, we believe that XEC should be sold at a price of $123 or above. This will increase or decrease with the dividend policy.  Based on the previous Altimeter buy indications, investors should expect to hold XEC for 2 to 3 years before the next sell signal.”

The chart below outlines the actual change in Cimarex Energy Co. from when we bought to the present.  Notice how the purchase came after the substantial decline and near the low.  Additionally, our anticipation of when to sell at $123 and above came exactly 2 years later with additional years to unload at $123 if the first opportunity was missed.

Below is a chart of Cimarex Energy Co. (XEC) from 2003 to 2019 reflecting the year-over-year (YoY) percentage change.  We’re hopeful that this added perspective will shed some light on the prospects for XEC going forward. Continue reading →