FANG - Time To Bite Into Diamondback Energy
Diamondback Energy's (FANG) management reported making good progress with the Energen (EGN) acquisition. That is good news for shareholders because it implies some excellent earnings comparisons ahead. Oftentimes the financial statement immediately after an acquisition are so clouded with acquisition issues that it is hard for shareholders and future investors to determine any progress at all. Plus cost savings are usually in the future. Therefore what management states now will be graded by the market according to future results.
Financial Results
Cash flow from operating activities improved to $377 million from