VNOM - Viper Energy: Expecting A High Organic Growth In 2024
2024-01-25 06:33:09 ET
Summary
- Viper Energy began trading as a Delaware corporation into Q4 2023 and acquired GRP Energy, increasing its holdings in the Permian Basin.
- VNOM's share price has increased 17.32% in the past 6 months and is trading near its 52-week high.
- VNOM is expected to post solid results in its Q4 2023 earnings report due to increased asset holdings and strong oil production.
Viper Energy (VNOM) began trading as a Delaware corporation in Q4 2023 after approval by its General Partner's Directors on November 13, 2023. Another key highlight into 2024 included the acquisition of GRP Energy, a move that increased the company's holding in the Permian Basin by 4,600 net royalty acres (NRAs) and an additional 2,700 NRAs in other basins. Over, the past 6 months, VNOM's share price has increased 17.32% and is trading just 5.6% shy of its 52-week high of $32.35....
Viper Energy: Expecting A High Organic Growth In 2024