Diamondback Energy Inc. (FANG) Social Stream



Diamondback Energy Inc. (FANG): $123.14

1.77 (+1.46%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Featured Post From StockTwits About FANG

$FANG Points from B of A Global Research report:

"The largest takeaway from FANG’s Q2 results is the
initiation of a more formalized cash returns framework akin to peers Pioneer, Devon Energy and Cabot Oil & Gas / Cimarex Energy. Diamondback is no stranger to cash returns with a dividend legacy that started in 2018 and which has been raised twice
in 2021 to 120% of 2020 levels. But on a go forward basis, management now plans to deploy 50% of free cash flow to shareholders vs an expected consolidated breakeven of $32 (before dividends) on its maintenance capital program. Notably,
however, FANG has not indicated a preference towards buybacks or variable distributions and intends to take a nimble approach, highlighting that variable distributions and buybacks each have advantages at different points in the cycle. In any case, FANG has the relative advantage of seeing how peer strategies are received.
Agig, published August 14, 2021

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