FANG - Continental Resources And Diamondback Energy: Frackers Caught Between A Rock And A Hard Place
- Frackers like Continental Resources and Diamondback Energy have recently shown significant capital restraint to avoid the mistakes of the past.
- Russia is the third largest producer of oil in the world, producing over 10 million barrels of oil a day and supply disruptions could push oil prices even higher.
- Frackers might be pressured into increasing their production but the silver lining is that they might do so at a time when production costs are well below oil prices.
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Continental Resources And Diamondback Energy: Frackers Caught Between A Rock And A Hard Place