DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Hess - 1 Diamondback - 1 Travis Stice - 1 ” Stifel's Derrick Whitfield - 1 ” Stice - 1 Stocks - 1 Goldman Sachs - 1 Wells Fargo - 1
Top related locs:
Southwestern United States U.S Texas New Mexico United States Israel Midland , Texas Angeles
Top related orgs:
Diamondback Energy - 1 Endeavor Energy Resources - 1 Southwestern United - 1 Exxon Mobil - 1 Mobil - 1 Diamondback - 1 Endeavor - 1 Exxon - 1

Search resuls for: "Diamondback Energy Inc"


7 mentions found


☆ Potential $50 Billion Southwestern Energy Giant Emerges as Diamondback Seeks to Buy Rival Endeavor
  + stars: | 2024-02-12 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. A tie-up between Diamondback and Endeavor, if it succeeds, would create a player in the massive Permian Basin oil and gas field that straddles Texas and New Mexico. Photos You Should See View All 22 ImagesEndeavor is the largest private operator in the Permian Basin. Lower oil prices are good for U.S. drivers, as it means they'll pay less at gas pumps. Shareholders of Diamondback Energy Inc. will own about 60.5% of the combined company, while Endeavor’s equity holders would own approximately 39.5%.
Persons: Hess, Diamondback, Travis Stice, ” Stifel's Derrick Whitfield, ” Stice Organizations: Diamondback Energy, Endeavor Energy Resources, Southwestern United, Exxon Mobil, Mobil, Diamondback, Endeavor, Exxon, Chevron, Drillers, OPEC, U.S, International Energy Agency, Diamondback Energy Inc, Chesapeake Energy, Southwestern Energy, Occidental Locations: Southwestern United States, U.S, Texas, New Mexico, United States, Israel, Midland , Texas
☆ These high beta stocks will lead the way if the year-end comeback continues
  + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +8 min
Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.
Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport
☆ Shale producer Diamondback misses profit estimates on lower crude prices
  + stars: | 2023-05-01 | by ( Arshreet Singh | ) www.reuters.com   time to read: +2 min
Companies Diamondback Energy Inc FollowMay 1 (Reuters) - Shale producer Diamondback Energy Inc (FANG.O) reported first-quarter profit below Wall Street estimates on Monday, hurt by lower prices of crude, sending its shares down 2%. Global crude prices averaged $82 a barrel in the January-March quarter, down nearly 16% from a year earlier as concerns about global economic outlook weighed on prices. The Midland, Texas-based firm said total average unhedged realized prices were $49.72 per barrel of oil equivalent in the reported quarter, 29% lower from a year earlier. Diamondback also said there were signs that inflation, which plagued the industry in recent quarters, is showing signs of abating. Stice added that raw materials and service costs are declining and he expects his company's completion costs to be lower.
☆ Permian in spotlight as energy dealmaking gathers steam
  + stars: | 2023-04-18 | by ( Mrinalika Roy | Thomson Reuters | Mrinalika Is A Business Reporter. She Has Covered The Energy | ) www.reuters.com   time to read: +3 min
Top producers have built a war chest to fund acquisitions after reaping windfall profit in 2022 from skyrocketing oil prices following Russia's invasion of Ukraine. At least three analysts have identified Diamondback Energy Inc (FANG.O), Matador Resources Inc (MTDR.N) and Permian Resources Corp (PR.N) as possible takeout targets. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves. But a surge in oil prices last year helped turn the tide. Last week, ConocoPhillips (COP.N) CEO Ryan Lance said he was expecting more shale deals, adding that "consolidation needs to happen" among Permian Basin energy producers.
☆ Oil prices slide $2 on China demand worries, U.S. midterm elections
  + stars: | 2022-11-08 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
Companies Diamondback Energy Inc FollowNov 8 (Reuters) - Oil prices fell more than $2 on Tuesday in choppy trading on growing worries about fuel demand as COVID-19 outbreaks worsened in top crude importer China, and jitters about the outcome of U.S. midterm elections. U.S. crude fell $2.88, or 3.14%, to $88.91 per barrel. It's a wait to see what the result is type of a situation here," said Bob Yawger, director of energy futures at Mizuho in New York. U.S. stocks also gyrated as market participants bided their time waiting to see whether Capitol Hill is in for a power shift, with Republican gains expected in the midterm elections. The ICE exchange, home to the Brent benchmark, has increased the initial margin rates for front-month Brent crude futures by 4.92%, making maintaining a futures position more expensive from the close of business on Tuesday.
☆ Oil prices dip 1% on China demand worries, U.S. midterm elections
  + stars: | 2022-11-08 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
Companies Diamondback Energy Inc FollowNov 8 (Reuters) - Oil prices edged 1% lower on Tuesday on growing worries about fuel demand as COVID-19 outbreaks worsened in top crude importer China, and jitters about the outcome of U.S. Brent futures for January delivery fell $1.14 to $96.78 a barrel, a 1.2% loss, by 13:02 p.m. EST (18:02 GMT). It's a wait to see what the result is type of a situation here," said Bob Yawger, director of energy futures at Mizuho in New York. The ICE exchange, home to the Brent benchmark, has increased the initial margin rates for front-month Brent crude futures by 4.92%, making maintaining a futures position more expensive from the close of business on Tuesday. U.S. crude oil stocks were expected to have risen by about 1.1 million barrels last week, a preliminary Reuters poll showed on Monday.
☆ Diamondback quarterly profit beats market estimates on higher crude prices
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - U.S. oil and gas producer Diamondback Energy Inc (FANG.O) on Monday reported better-than-expected third-quarter profit, helped by a surge in crude prices due to tighter energy supplies following Russia's invasion of Ukraine. Energy companies are posting strong profits as crude and natural gas prices have soared following Western sanctions against major exporter Russia and OPEC+'s decision to tighten an already squeezed global supply. Oil volumes for the quarter decreased to 224.3 thousand barrels of oil per day (BO/d), down from 239.8 thousand BO/d a year earlier. Diamondback's average unhedged realized price for oil, however, rose to $89.79 per barrel in the reported quarter, up from $68.27 per barrel a year earlier. Last month, Diamondback said it will buy all leasehold interest and related assets of FireBird Energy LLC for $1.6 billion in cash and stock.
0 next >>
Total: 7