Diamondback Energy: No Snake Eyes Here

Jul. 31, 2022 2:15 AM ETDiamondback Energy, Inc. (FANG)VNOM38 Comments
Michael Fitzsimmons profile picture
Michael Fitzsimmons
19.65K Followers

Summary

  • Crap players and energy investors will likely understand the title of this article better than most.
  • That because "snake eyes" is typically a bad come-out roll on a crap table unless you're betting "Don't Pass". Today, with high O&G pricing, odds are much better on FANG.
  • FANG completed divestment of its Bakken assets last October and is now de-emphasizing production growth and focusing on returns. And the company is generating a ton of free cash flow.
  • FANG is due to release its Q2 EPS report after the market closes on Monday (August 1). Expect a rattling good report.

Western diamondback rattlesnake or Texas diamond-back (Crotalus atrox) Close-up Tongue Out

JWJarrett/iStock via Getty Images

Midland, Texas based Diamondback Energy (NASDAQ:FANG) is an independent O&G producer operating in the Permian Basin. FANG was a mid-sized O&G company when it went public in 2012, but has grown into one of the largest Permian producers on the

This article was written by

Michael Fitzsimmons profile picture
19.65K Followers
Technology stocks, ETFs, portfolio strategy, renewable energy, and O&G companies. Primary goal is growing net-worth. I typically allocate a portion of my own portfolio and devote some of my SA articles to small and medium sized companies offering compelling risk/reward propositions. I am an Electronics Engineer, not a qualified investment advisor. While the information and data presented in my articles are obtained from company documents and/or sources believed to be reliable, they have not been independently verified. Therefore, I cannot guarantee its accuracy. I advise investors conduct their own research and due-diligence and to consult a qualified investment advisor. I explicitly disclaim any liability that may arise from investment decisions you make based on my articles. Thanks for reading and I wish you much investment success!

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

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