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Diamondback EnergyFANGTOP PICKJun 12, 2014Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Just bought it. The energy in pullback was overdone. FANG offers secular growth, making good, strategic acquisitions and want to distribute 75% of their cash flow to investors through dividends and buybacks, plus a variable dividend. She bought around $139. China is not yet reflected in energy stocks, and today Russia announced energy output cuts.
He tries to find companies that are good and getting better than the peer group. They’ll produce about 7000 barrels a day this year and 17,000 barrels a day next year and 25,000 barrels a day the year after that. Enormous growth. Uses technology in the Permian Basin to really grow their reserves and production. They are going to IPO off some royalty properties, and will probably get $1 billion-$1.5 billion from their purchase price of $440 million. They could be worth $2 billion-$3 billion.