"In its Q4 report posted a week or so ago, the company managed to increase its liquidity to $340 million from $297 million in the previous year. Given that CDEV stock is heavily tied to the energy industry, it is also undoubtedly correlated to the pandemic. Because the pandemic has resulted in a massive dive in energy consumption, Centennial has had to work hard to stay on top. But with vaccine distribution reaching new highs every day, the hopes are that travel could resume soon. If this occurs, demand for oil and gas could rise, leading to more interest in companies like CDEV."
Quote Source: pennystocks.com/feat...ed-markets-sold-off/
Quote Source: pennystocks.com/feat...ed-markets-sold-off/