This Oil Stock Plans to Stand Firm in 2021
The recent rise in oil prices hasn't altered the oil producer's strategy.
Diamondback Energy Inc is an independent oil and natural gas company. It is currently engaged in the acquisition development exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas.
The recent rise in oil prices hasn't altered the oil producer's strategy.
FANG earnings call for the period ending December 31, 2020.
A look at this oil stock's upside potential.
The oil producer ended the year on a high note.
The oil company continues to inhale its rivals.
Two factors fueled the oil stock's big-time rally last month.
Several factors weighed on the Permian Basin oil producer last month.
FANG earnings call for the period ending September 30, 2020.
Low crude prices and soft demand have crushed the bottom lines of these energy industry service providers.
Shares are down 67% this year, but risks may outweigh potential rewards.