FANG - Rattler Midstream: Growth Paths Become More Apparent

• This midstream is likely to grow faster than the average midstream company in the future.
• The joint ventures have moved from cash needing to cash flow.
• There has been a good looking dropdown and another investment in the current fiscal year.
• Lots of free cash flow to reinvest or distribute in the future is a good possibility.
• There are more opportunities ahead as Diamondback continues its likely historical rates of acquisitions combined with slower growth rates.

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