Diamondback Energy (FANG) Update - Mar 9
Posted: Tue Mar 09, 2021 6:42 pm
Barrons:
"Oil has rallied more than 30% this year, well beyond what most analysts had expected. And assumptions that Wall Street had made about energy last year now seem stale. The new math for energy producers could put one oil acquisition in jeopardy. Investment Manager Glazer Capital published an open letter on Tuesday urging shareholders of QEP Resources (ticker: QEP) to reject the company’s proposed acquisition by Diamondback Energy (FANG)."
"Oil has rallied more than 30% this year, well beyond what most analysts had expected. And assumptions that Wall Street had made about energy last year now seem stale. The new math for energy producers could put one oil acquisition in jeopardy. Investment Manager Glazer Capital published an open letter on Tuesday urging shareholders of QEP Resources (ticker: QEP) to reject the company’s proposed acquisition by Diamondback Energy (FANG)."