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VNOM IPO Quiet Period Expiration - July 12th

|Includes:Viper Energy Partners LP (VNOM)
  • The 25-day quiet period on underwriter research for VNOM will expire on July 12, allowing the firm's IPO underwriters to publish research reports on July 13.
  • In anticipation of positive analyst reports, share prices often rise two days before the quiet period expiration.
  • VNOM's IPO priced well above its expected range, saw an impressive 24.4% first day return, and has since bounced between $32 and $34 per share.
  • While domestic oil companies remain more stable bets than their foreign counterparts; we recommend VNOM as a Buy.
  • Additional information here.

Disclosure: The author is long VNOM.

Stocks: VNOM