FANG
Re: FANG
I have updated my forecast model for FANG and it will be on the EPG website later today.
I am raising my valuation to $89.00/share, compared to First Call's price target of $86.88.
Diamondback is a pure play on the Permian Basin where they have a outstanding leasehold position. Production will be up more than 65% YOY in 2015 and they have a decade of running room. It also has a very strong balance sheet. Their stake in Viper is another big plus.
I am raising my valuation to $89.00/share, compared to First Call's price target of $86.88.
Diamondback is a pure play on the Permian Basin where they have a outstanding leasehold position. Production will be up more than 65% YOY in 2015 and they have a decade of running room. It also has a very strong balance sheet. Their stake in Viper is another big plus.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group