Current FANG Stock Info

Cost reduction major focus
Diamondback Energy (ticker: FANG) held its first quarter conference call last week, where the pure-play Permian operator discussed current activity.
“Very comfortable” at $45 to $50 oil
During the conference call, Diamondback CEO Travis Stice commented that the company is “very comfortable” with oil prices between $45/bbl and $50/bbl. Those prices are expected for current activity projections, while prices out of this range may prompt activity changes. Diamondback is currently operating eight rigs, five in Midland ...

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