Diamondback Energy: No Snake Eyes Here

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


  • 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

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Michael Fitzsimmons profile picture
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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