FANG Diamondback Energy Inc

BMO Capital reiterates Outperfrom Rating on $FANG & ups TP from $215 to $224 Cites: This upward adjustment reflects continued positive sentiment regarding Diamondback Energy's robust operational efficiencies in the Permian Basin & strong capital-return profile following its integration of Endeavor Note: EIA ests that total crude oil production in the Permian would be 6.76Mbpd this year, higher than 6.57Mbpd last year. Thus, w/ high prices & production increases in the most prolific basin, it should aid in the bottom lines of E&Ps operating in the basin

$FANG I hate oil; I really hate oil; did i say I hate oil; I wish they all went bankrupt because they’re making our kives hell in earth

Scotiabank sees significant upside in Diamondback Energy and Expand Energy, assigning both Sector Outperform ratings. The bank set price targets of $250 for Diamondback, implying approximately 38% upside, and $111 for Expand Energy, suggesting 29% potential upside, based on its October 7 coverage. Diamondback benefits from low-cost operations and more than a decade of drilling inventory in the Midland Basin, including assets acquired from Endeavor. Scotiabank expects the company to reinvest just 34% of discounted cash flow through FY2028 to achieve 5% annual production growth, versus a peer median reinvestment rate of 52% just to maintain output. The bank estimates shares trade at a 38% discount to its $250-per-share developed proved net asset value, highlighting potential for debt reduction, dividends and buybacks. Expand Energy, the largest independent U.S. natural gas producer, offers diversified assets across Haynesville and the Appalachia region. $FANG $EXE

$FANG $DELL biggest insider sellers on my tracker this month 💸 Diamondback insiders net sold 3.75B and Dell 494M. not saying it means anything, but that's a lot of stock leaving 👀 proprietary data from our GTA terminal