Diamondback Energy

FANG-Q

NASDAQ:FANG

83.23
3.29 (4.12%)

Analysis and Opinions about FANG-Q

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 15, 2019
(A Top Pick Nov 16/18, Down 33%) The highest quality Permian producer name you can own. He sold it a while ago when they decided to repatriate all their energy investing back to Canada, where values are so discounted. There is talk of a frac ban in the US, which is creating uncertainty there.
Diamondback Energy (FANG-Q)
November 15, 2019
(A Top Pick Nov 16/18, Down 33%) The highest quality Permian producer name you can own. He sold it a while ago when they decided to repatriate all their energy investing back to Canada, where values are so discounted. There is talk of a frac ban in the US, which is creating uncertainty there.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$76.780
Owned
No
TOP PICK
TOP PICK
March 8, 2019
Is a $20B company in the Permian. Growing by 15% this year and generating 4% free cash flow at $50 oil. In theory, should be able to see more than 100% upside. Yield = 0.0% (Analysts’ price target is $18.71)
Is a $20B company in the Permian. Growing by 15% this year and generating 4% free cash flow at $50 oil. In theory, should be able to see more than 100% upside. Yield = 0.0% (Analysts’ price target is $18.71)
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$95.500
Owned
Yes
TOP PICK
TOP PICK
January 25, 2019
A $20 billion company that can grow at 20% per year even at $50 oil. They are in the US Permian. The rocks are better than any Canadian light producer. They will move first when oil prices go back up and investor dollars come back into the market. They have 7000 well locations -- a great inventory. Yield 0.49%. (Analysts’ price target is $148.41)
A $20 billion company that can grow at 20% per year even at $50 oil. They are in the US Permian. The rocks are better than any Canadian light producer. They will move first when oil prices go back up and investor dollars come back into the market. They have 7000 well locations -- a great inventory. Yield 0.49%. (Analysts’ price target is $148.41)
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$102.720
Owned
Yes
TOP PICK
TOP PICK
November 16, 2018
They are also in the Permian. They just merged with Energen. They are going to grow production by 20% per year over the next couple of years and staying within cash flow. They have over 20 years of drilling inventory. There is very meaningful upside to this name. Yield = 0.4% (Analysts’ price target is $168.21)
Diamondback Energy (FANG-Q)
November 16, 2018
They are also in the Permian. They just merged with Energen. They are going to grow production by 20% per year over the next couple of years and staying within cash flow. They have over 20 years of drilling inventory. There is very meaningful upside to this name. Yield = 0.4% (Analysts’ price target is $168.21)
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$113.910
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 4, 2015

(Top Pick Jun. 12/14, Down 9.08%) He got out shortly afterwards. He had a zero weight in energy producers by September.

(Top Pick Jun. 12/14, Down 9.08%) He got out shortly afterwards. He had a zero weight in energy producers by September.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$76.460
Owned
No
COMMENT
COMMENT
September 9, 2014

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.

Diamondback Energy (FANG-Q)
September 9, 2014

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.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$76.460
Owned
No
TOP PICK
TOP PICK
June 12, 2014

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.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$84.690
Owned
Yes
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