Diamondback Energy's recent quarterly earnings were not stellar and confirmed that the Permian Basin is showing signs of fatigue.
Two main issues for the company are the weak commodity prices environment and well spacing in the Permian.
I recommend a prudent approach with a dual investment with one-third long term and two-third trading short term depending on oil prices.
Courtesy: Diamondback CNBC
The Midland, TX-based Diamondback Energy (FANG) is a large-cap Permian pure-play E&P. It is for that reason that it is interesting to analyze how the company is faring