It hit a '52 week low' today of 61.41, and closed at $62.47 on above average volume (but NOT a huge volume for this stock - normal shakeout - probably showing what Due refers to as 'capitulation' - but I'm not a chartist).
I consider the oil and gas PRODUCER stocks, of solid companies (which XEC is extremely solid) to be better than gold - for those that are looking for fairly non-volatile earners.
Note that XEC is PRIMARILY a NATGAS producer - with a very high percentage of their revenue coming from natgas. It is about a 60/40 split (gas/oil) - which is extremely high for a mid-sized independent oil company. This is a GOOD THING - not a downside. August is a 'low month' for natgas prices historically. It picks up in Sept and Oct as storage gets stocked for the winter. I have NOT checked the current 'storage' numbers to see if they are above or below normal - but consider that rather immaterial at the current time.
REMEMBER - OIL AND GAS have INTRINSIC VALUE to the economy of the world, indeed - it is a FUNDAMENTAL commodity, and probably the MOST valuable commodity of any. It can NOT be replaced with other items - as metals, crops, and other 'fundamental' commodities can be - making the 'others' somewhat fungible in nature.
Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...
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