PXD - Diamondback Energy: Profiting Off High Oil Prices But Still Remarkably Undervalued

• Diamondback Energy is one of the largest and most prolific independent operators in the resource-rich Permian Basin.
• The company boasts substantial reserves that position it quite well for long-term operations.
• The company has been focusing its attention on maximizing its free cash flow, and this has allowed it to provide considerable rewards for its shareholders.
• The company boasts a very strong balance sheet without a large amount of debt.
• The stock appears to be substantially undervalued relative to the company's forward EPS growth.

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