December 1, 2019 - 7:08 PM EST
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675 Million Reasons This Oil Stock Could Be a Big Winner in 2020

Diamondback Energy (NASDAQ: FANG) is starting a new chapter. The energy company has spent the past five years building out a large-scale drilling operation in the oil-rich Permian Basin. As a result, the company has rapidly grown its oil production in recent years through a combination of acquisitions and organic drilling.

However, it plans to shift gears in 2020 by slowing its investment pace. That will enable it to turn its focus toward generating free cash flow, which was one of the key themes on its third-quarter conference call. Here's why that could make it a big winner next year.

Image source: Getty Images.

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Source: Motley Fool (December 1, 2019 - 7:08 PM EST)

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