- Diamondback Energy (FANG +5.1%) rallies after announcing last night that its oil and gas production will double next year.
- FANG predicts full-year 2014 production averaging 15K-16K boe/day, and sees Q3 output in line with expectations at 7,400 boe after anticipating ending 2013 with production in the upper range of 7,200-7,500 boe.
- The free cash flow will allow the company to pursue acquisitions, Simmons analysts say in reiterating its Overweight rating; also, FANG's stock is the cheapest in terms of valuation of all companies exposed to the Permian.
From other sites
at Nasdaq.com (Mar 23, 2015)
at Nasdaq.com (Feb 25, 2015)
at Nasdaq.com (Jan 26, 2015)
at CNBC.com (Jan 8, 2015)
at CNBC.com (Jan 2, 2015)
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