NasdaqGS:FANGOil and Gas
Diamondback Energy (FANG) Stock Falls As Strong Margins Meet Buyback Questions
Diamondback Energy came into this print riding a solid 30 day run, then the stock dropped about 3.5% to around US$191 as the market took a quick step back. The headline is not about a miss on earnings per share. It is about how much profit the company pulled from strong liquids pricing and higher barrels out of the Permian while keeping average production costs per barrel of oil equivalent near US$10.
That combination of high realized oil prices and tight cost control is the single most...