Diamondback Energy, Inc. (FANG): A new profile for the company has been posted under the Watch List Tab.
This is a small-cap that you should all take a hard look at. My Fair Value Estimate is $41/share and there is definitely more upside if they hit their production guidance. They are on-track for 150% production growth this year and they could double production again in 2014. GPOR gave them some very good acreage in the Permian Basin with plenty of Wolfcamp potential. Horizontal wells in the Wolfcamp are getting very good results and FANG has hundreds of locations.
This is great news for GPOR, which still holds over 16% of the outstanding common stock.
Diamondback Energy (FANG)
Diamondback Energy (FANG)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group