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VNOM - Viper Energy Partners: A Bad-Looking First Quarter What To Expect Next
Viper Energy Partners LP
On April 30, 2019, Viper Energy Partners LP (VNOM) announced the financial and operating results for the 1Q2019.
We, at the Natural Resources Hub (TNRH®), entered VNOM in the latest December 2018 as the market capitulated and exited it around February 21, 2019, taking a 50% profit. Since then, VNOM has declined to the neighborhood of $30 (Fig. 1).
Fig. 1. Stock chart of Viper Energy, shown with my previous entry and exit points. Source.
It is perhaps an opportune time review the operating and financial results for the 1Q2019,