Diamondback Energy (FANG) has been one of the best performing IPOs of the last twelve months. Since coming public at ~$17 a share in October, this pure play Permian E & P concern has more than doubled to a recent $34.50 a share. It is certainly an equity that I wish would have popped onto my radar sooner than it did. However, the company continues to deliver impressive production growth as well as garner positive actions from analysts. Its shares still seem to be discounting its growth potential and it should be considered for purchase by aggressive growth investors looking for exposure to the significant production growth of the Permian Basin.
Diamondback Energy is a...
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