(Top Pick Jun. 12/14, Down 9.08%) He got out shortly afterwards. He had a zero weight in energy producers by September.
One of the biggest changes in his portfolio over the last 6-8 weeks has been reduction in exposure to exploration and production companies so he is no longer in this. A great company and their production growth is remarkable. The problem is some near-term concern on the price of West Texas crude and Brent Sea oil, so producers have been backing off. Stock is behaving very, very well and has not broken down technically. He has just been increasing his Consumer Discretionary exposure and reducing some of his energy producers.
One of the biggest changes in his portfolio over the last 6-8 weeks has been reduction in exposure to exploration and production companies so he is no longer in this. A great company and their production growth is remarkable. The problem is some near-term concern on the price of West Texas crude and Brent Sea oil, so producers have been backing off. Stock is behaving very, very well and has not broken down technically. He has just been increasing his Consumer Discretionary exposure and reducing some of his energy producers.
He tries to find companies that are good and getting better than the peer group. They’ll produce about 7000 barrels a day this year and 17,000 barrels a day next year and 25,000 barrels a day the year after that. Enormous growth. Uses technology in the Permian Basin to really grow their reserves and production. They are going to IPO off some royalty properties, and will probably get $1 billion-$1.5 billion from their purchase price of $440 million. They could be worth $2 billion-$3 billion.
He tries to find companies that are good and getting better than the peer group. They’ll produce about 7000 barrels a day this year and 17,000 barrels a day next year and 25,000 barrels a day the year after that. Enormous growth. Uses technology in the Permian Basin to really grow their reserves and production. They are going to IPO off some royalty properties, and will probably get $1 billion-$1.5 billion from their purchase price of $440 million. They could be worth $2 billion-$3 billion.
Diamondback Energy is a American stock, trading under the symbol FANG-Q on the NASDAQ (FANG). It is usually referred to as NASDAQ:FANG or FANG-Q
In the last year, 2 stock analysts published opinions about FANG-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Diamondback Energy.
Diamondback Energy was recommended as a Top Pick by Stockchase Research on 2020-09-08. Read the latest stock experts ratings for Diamondback Energy.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Diamondback Energy In the last year. It is a trending stock that is worth watching.
On 2021-01-15, Diamondback Energy (FANG-Q) stock closed at a price of $59.235.