WSJ reports FANG nearing a deal to acquire Silver Hill for $2.5 billion. The reception of such a deal would largely depend on whether it is accretive and the pro forma growth outlook.
I received a research report from Morgan Stanley this morning on Diamondback Energy (FANG) which MS rates as OVERWEIGHT with a price target of $135.00. The report focuses on what the acquisition of Silver Hills would do for FANG.
If you'd like to see the report, send me an e-mail and I will forward it to you.
FANG: What happens if they buy Silver Hill package
FANG: What happens if they buy Silver Hill package
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group