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A wave of consolidation is sweeping through the energy sector right now. Since last autumn, a number of billion-dollar takeover deals have been announced that are focused on the Permian Basin situated across parts of Texas and New Mexico.
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Diamondback (FANG) joins forces with Endeavor Energy Resources, forming a $26B Permian Basin powerhouse, poised for substantial growth and profitability.
Diamondback Energy is buying Endeavor Energy Resources. The merger will make Diamondback bigger and better.
Paul Sankey, Sankey Research, joins 'Fast Money' to talk mergers in the energy sector following the Diamondback and Endeavor merger announcement.
Tim Rezvan, Keybanc Oil & Gas Exploration & Production Analyst, joins 'Closing Bell Overtime' to talk consolidation in the energy sector, merger and takeovers, and more.
Diamondback Energy (FANG) will acquire Endeavor Energy Resources in a deal valued at $26 billion, just the latest instance of M&A activity in the energy space. TD Cowen Senior Analyst David Deckelbaum lists all the advantages Diamondback has to gain from this merger, including strengthening its hold on the Permian Basin.
In a deal valued at $26 billion, Diamondback Energy (FANG) has agreed to buy Endeavor Energy Resources, with $8 billion in cash 117.3 million Diamondback shares worth $18 billion. The deal allows for both companies to potentially become a major player in the Permian Basin.
Shares of Diamondback Energy (FANG) are climbing Monday morning following the announcement of a merger agreement with Endeavor Energy Resources, the latest acquisition deal to hit the energy sector. Diamondback plans to acquire Endeavor in an all-stock deal valued at $26 billion, the total deal valued at over $50 billion.
Energy explorer Diamondback agreed to acquire privately held oil and gas producer Endeavor, which has prime locations in the Permian Basin.