DENVER, Sept. 2, 2021 /PRNewswire/ -- Cimarex Energy
Co. (NYSE: XEC) today announced that Tom
Jorden, Chairman, President and CEO, will present at the
2021 Barclays CEO Energy-Power Conference. The presentation will
begin at 8:55 AM MT (10:55 AM ET) on Wednesday,
September 8.
A live audio webcast of the presentation will be available on
the "Events & Presentations" page under the "Investors" section
of the Company's website at www.cimarex.com. The webcast
will be archived and available at the same location after the
conclusion of the live event.
About Cimarex Energy
Denver-based Cimarex Energy Co. is
an independent oil and gas exploration and production company with
principal operations in the Permian Basin and Mid-Continent areas
of the U.S.
Cautionary Statement Regarding Forward-Looking
Information
This communication, and the presentation will
contain, certain "forward-looking statements" within the meaning
of federal securities laws. Words such as "anticipates,"
"believes," "expects," "intends," "plans," "outlook," "will,"
"should," "may" and similar expressions may be used to identify
forwardlooking statements. Forward-looking statements are not
statements of historical fact and reflect Cabot's and
Cimarex's current views about future events. Such forward-looking
statements include, but are not limited to, statements about
the benefits of the proposed merger involving Cabot and
Cimarex, including future financial and operating results; Cabot's
and Cimarex's plans, objectives, expectations and intentions;
the expected timing and likelihood of completion of
the transaction; the expected timing and amount of any future
dividends; and other statements that are not historical facts,
including estimates of oil and natural gas reserves and
resources, estimates of future production, assumptions
regarding future oil and natural gas pricing, planned drilling
activity, future results of operations, projected cash flow and
liquidity, the achievement of synergies, business strategy and
other plans and objectives for future operations. No assurances can
be given that the forward-looking statements contained in this
communication will occur as projected and actual results may differ
materially from those projected. Forward-looking statements are
based on current expectations, estimates and assumptions that
involve a number of risks and uncertainties that could cause actual
results to differ materially from those projected. These risks and
uncertainties include, without limitation, the ability to obtain
the requisite Cabot and Cimarex stockholder approvals; the risk
that Cabot or Cimarex may be unable to obtain governmental and
regulatory approvals required for the merger; the risk that an
event, change or other circumstances could give rise to the
termination of the proposed merger; the risk that a condition to
closing of the merger may not be satisfied on a timely basis or at
all; the length of time necessary to close the proposed
transaction, which may be longer than anticipated for various
reasons; the risk that the businesses will not be integrated
successfully; the risk that the cost savings and any other
synergies from the transaction may not be fully realized or may
take longer to realize than expected; the risk that any
announcement relating to the proposed transaction could have
adverse effects on the market price of Cabot's common stock or
Cimarex's common stock; the risk of litigation related to the
proposed transaction; the effect of future regulatory or
legislative actions on the companies or the industry in which they
operate, including the risk of new restrictions with respect to
well spacing, hydraulic fracturing, natural gas flaring or other
oil and natural gas development activities; the risk that the
credit ratings of the combined business may be different from what
the companies expect; disruption from the transaction making it
more difficult to maintain relationships with customers, employees
or suppliers; the diversion of management time on merger-related
issues; the volatility in commodity prices for crude oil and
natural gas; the continuing effects of the COVID-19 pandemic and
the impact thereof on Cabot's and Cimarex's businesses, financial
condition and results of operations; actions by, or disputes among
or between, the Organization of Petroleum Exporting Countries and
other producer countries; the presence or recoverability of
estimated reserves; the ability to replace reserves; environmental
risks; drilling and operating risks; exploration and development
risks; competition; the ability of management to execute its plans
to meet its goals; and other risks inherent in Cabot's and
Cimarex's businesses. In addition, the declaration and payment of
any future dividends, whether regular base quarterly dividends,
variable dividends or special dividends following completion of the
proposed transaction, will depend on the combined business'
financial results, cash requirements, future prospects and other
factors deemed relevant by the board of directors of Cabot (as then
constituted). These risks, as well as other risks related to the
proposed transaction, will be described in the registration
statement on Form S-4 and joint proxy statement/prospectus that
will be filed with the SEC in connection with the proposed
transaction. While the list of factors presented here is, and the
list of factors presented in the registration statement on Form S-4
are, considered representative, no such list should be considered
to be a complete statement of all potential risks and
uncertainties. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those indicated. For
additional information about other factors that could cause actual
results to differ materially from those described in the
forward-looking statements, please refer to: (1) Cabot's annual
reports on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K, which are available on Cabot's website at
www.cabotog.com/investor-relations and on the SEC's website at
http://www.sec.gov; and (2) Cimarex's annual reports on Form 10-K,
quarterly reports on Form 10-Q and current reports on Form 8-K,
which are available on its website at
www.cimarex.com/investor-relations and on the SEC's website at
http://www.sec.gov.
Forward-looking statements are based on the estimates and
opinions of management at the time the statements are made. Except
to the extent required by applicable law, neither Cabot nor Cimarex
undertakes any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements that speak only
as of the date hereof.
No Offer or Solicitation
This communication is not intended to and shall not constitute an
offer to buy or sell or the solicitation of an offer to buy or sell
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made, except by
means of a prospectus meeting the requirements of Section 10 of the
U.S. Securities Act of 1933, as amended.
Additional Information about the Merger and Where to Find
It
In connection with the proposed transaction, Cabot and Cimarex have
filed and will file relevant materials with the Securities and
Exchange Commission ("SEC"). On June
30, 2021, Cabot filed with the SEC a registration statement
on Form S-4, as amended (No. 333-257534) to register the shares of
Cabot common stock to be issued in connection with the proposed
transaction. The registration statement, which was declared
effective by the SEC on August 20,
2021, includes a definitive joint proxy statement/prospectus
of Cabot and Cimarex. The definitive joint proxy
statement/prospectus was mailed to the stockholders of Cabot and
Cimarex seeking their approval of their respective
transaction-related proposals. INVESTORS AND SECURITY HOLDERS ARE
URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE
FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO
THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY
CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT CABOT, CIMAREX
AND THE PROPOSED TRANSACTION. Investors and security holders may
obtain free copies of the registration statement and joint proxy
statement/prospectus and other documents containing important
information about Cabot, Cimarex and the proposed transaction,
through the website maintained by the SEC at http://www.sec.gov.
Copies of the documents filed with the SEC by Cabot may be obtained
free of charge on Cabot's website at
www.cabotog.com/investor-relations or by contacting Matt Kerin by email at matt.kerin@cabotog.com or
by phone at 281-589-4642. Copies of the documents filed with the
SEC by Cimarex may be obtained free of charge on Cimarex's website
at www.cimarex.com/investor-relations.
Participants in the Solicitation
Cabot, Cimarex and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies in respect of the proposed transaction.
Information about the directors and executive officers of Cabot,
including a description of their direct or indirect interests, by
security holdings or otherwise, is set forth in Cabot's proxy
statement for its 2021 Annual Meeting of Stockholders, which was
filed with the SEC on March 12, 2021,
and Cabot's Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, which was filed
with the SEC on February 26, 2021.
Information about the directors and executive officers of Cimarex,
including a description of their direct or indirect interests, by
security holdings or otherwise, is set forth in Cimarex's proxy
statement for its 2021 Annual Meeting of Stockholders, which was
filed with the SEC on March 26, 2021,
and Cimarex's Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, which was filed
with the SEC on February 23, 2021.
Other information regarding the participants in the proxy
solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, are contained in the
definitive joint proxy statement/prospectus and other relevant
materials to be filed with the SEC regarding the proposed
transaction when such materials become available. Investors should
read the definitive joint proxy statement/prospectus carefully
before making any voting or investment decisions. You may obtain
free copies of these documents from Cabot or Cimarex using the
sources indicated above.
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SOURCE Cimarex Energy Co.