Read this and you will know why: http://www.oilandgas360.com/diamondback ... owth-2017/
Upstream companies with growth like this locked in are "rare gems". Hang on to them.
Why does FANG's valuation keep going up?
Why does FANG's valuation keep going up?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Why does FANG's valuation keep going up?
Dan, Do you know if GPOR still owns FANG shares? Thanks.
Re: Why does FANG's valuation keep going up?
I believe they sold the last of their FANG stock in 2015. See Our Equity Investments section in their 10-K.
On the GPOR Income Statement there is a line item in the Other section called "Income/Loss on Equity Method Investments". In Q1 2016 they wrote off their investment in Grizzly Oil Sands, but that has huge upside if oil prices rebound a bit more. Eventually, the Canadian oil sands must be developed to meet future oil demand.
On the GPOR Income Statement there is a line item in the Other section called "Income/Loss on Equity Method Investments". In Q1 2016 they wrote off their investment in Grizzly Oil Sands, but that has huge upside if oil prices rebound a bit more. Eventually, the Canadian oil sands must be developed to meet future oil demand.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group