FANG - Diamondback Energy: The Perfect Oil Stock For A $90+ Oil World
2024-04-01 11:53:53 ET
Summary
- Diamondback Energy is undergoing a major transformation through its merger with Endeavor Energy, creating a more efficient and resilient company.
- The company is adjusting its shareholder distribution plans to prioritize debt reduction, but still offers a 1.8% dividend yield.
- With a focus on cost control, operational efficiency, and potential synergies, Diamondback Energy is well-positioned for long-term growth in the energy sector.
Introduction
It's time to discuss Diamondback Energy, Inc. ( FANG ) , one of my all-time favorite upstream (oil and gas production) energy stocks.
I started covering this stock in September 2022, when I went with the title "Diamondback Energy: Your FANG For The Next Decade?"
Since then, the stock has returned 56%, beating the 29% return of the S&P 500 by a considerable margin....
Diamondback Energy: The Perfect Oil Stock For A $90+ Oil World