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Diamondback Energy on Thursday signaled lower prices for its third-quarter oil and gas production, making it the third U.S. shale producer to do so in just a week.
You might be surprised by who tops this list.
It would be wise to focus on EOG & FANG stocks, as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
The Investment Committee give you their top stocks to watch for the second half.
VNOM's newly acquired assets are not only immediately financially accretive but also offer a significant untapped inventory that bolsters long-term production growth.
Diamondback Energy Inc FANG shares were climbing in early trading on Friday, during a rise in energy stocks with growing Middle East tensions.
The oil company couldn't overcome the pressure of falling oil prices.
It would be wise to focus on EOG & FANG stocks as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
While oil stocks rise across the board amid escalating tensions in the Middle East, Diamondback Energy Inc (NASDAQ:FANG) stock is getting an extra boost, up 2.8% to trade at $182.44, after Barclays upgraded the oil equity to "overweight" from "equal weight.
FANG increases its third-quarter production forecast to 565,000-569,000 barrels of oil equivalent per day and elevates CapEx to $675-$700 million.