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Diamondback and Endeavor Forge $50 Billion Powerhouse In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at over $50 billion, positioning it as the largest, pure-play oil producer in the prolific Permian shale field. The proposed merger, which could be announced as early as Monday, underscores a strategic move by Diamondback ( NASDAQ:FANG ) and Endeavor to consolidate their strengths and capitalize on synergies in a fiercely competitive market. With Diamondback's shareholders expected to hold the majority stake in the combined entity, the newly formed company is set to dominate the Permian landscape, surpassing even industry giants like Exxon Mobil and Chevron. Dan Pickering, Chief Investment Officer of Pickering Energy Partners, describes the impending merger as a "layup" due to the natural fit and acreage overlap between the two entities. This sentiment is echoed by industry analysts who anticipate that the deal will not only enhance operational efficiencies but also exert pressure on remaining players in the Permian basin to explore similar consolidation strategies. The consolidation trend within the Permian basin reflects a broader push among oil producers to secure future drilling inventory and optimize output amidst evolving market dynamics. Andrew Dittmar, Senior Vice President at data analytics firm Enverus, observes that while future deals may not match the magnitude of recent transactions, the Diamondback-Endeavor merger is poised to set a new benchmark for industry consolidation. Autry Stephens, founder of Endeavor Energy Resources, is expected to retain a significant role in the merged entity, underscoring the deep-rooted legacy of the company he built over four decades. Endeavor's formidable operations spanning 350,000 acres in the Midland portion of the Permian Basin reflect Stephens' astute strategy of acquiring undervalued assets and leveraging innovative technologies to drive profitability. The impending merger between Diamondback ( NASDAQ:FANG ) and Endeavor represents a pivotal moment in the oil industry, signaling a paradigm shift towards consolidation and collaboration in the pursuit of sustainable growth and operational excellence. As investors eagerly await the market's response to this transformative deal, all eyes are on Wall Street to gauge the resonance of this monumental merger within the energy sector and beyond.
NASDAQ:FANG
by DEXWireNews
SYMMETRICAL TRIANGLEEarnings beat yesterday yet FANG went diving today. Very long tail on today's candle but it found support in a recent gap. Loose symmetrical triangle noted. Support line blue versus green due the piercing on the line today. Price is within the structure again at close. No recommendation. Diving Dojis can spell trouble, but not always. Probable Bearish RSI diversion denoted with orange dashed line. Price fell from a bearish rising wedge a few weeks ago. If you look at a chart 2 or 3 times and see nothing you recognize, it is often best to move on to another chart (o:
NASDAQ:FANG
by lauralea
FANG approaching resistanceDiamondback Energy Inc. (FANG) presently testing channel resistance, able to contain weekly buying pressures. From here, (FANG) can fall to recent support, eliciting losses of 15% over the following 1 - 2 months. A settlement below this key support would ignite further losses where (FANG) can fall 20 - 30% over the following 2 - 3 months. Inversely, a weekly settlement above channel resistance would put (FANG) into a buy signal where gains of 30% can be expected over the next 3 - 5 months.
NASDAQ:FANG
by SpecialeAnalysis
Earnings watch 11/7Earnings watch 11/7: FANG TRIP KOS LYFT BRK.B BNTX ATVI PLTR SEDG CLOV Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:FANG
by Options360
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NASDAQ:FANG
by Sunstorminvest
A Conundrum/ The Oil Pull BackFor me, it just does not look like it is time to pull back fish in oil waters just yet. Not to hold for the long term in my IRA etc. I drew one rising wedge that is in this chart. There are several others under price. There is one rising wedge in this chart that with a bottom trendline below $70. FANG broke up and out of a bearish Rising Wedge as did many other oil stocks including CVX, XOM and EOG (one of my faves). Breaking up from a Rising Wedge does happen when there is extreme bullishness and this pattern is not valid until the bottom trendline is broken. This trendline can take months or even years to break but in the end that trendline is broken. TGT is coming close to breaking the bottom trendline of a Rising Wedge from a few years ago. The 20 DMA is still above the 50. If the 20 crosses down through the 50, that could be a big warning sign if you are already in this security. A Rising Wedge is a little bit like a triangle but both trendlines slope up and price narrows at the apex. A Rising Wedge advances from the reaction lows (lower trend line which is support until broken) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase. I feel much of oil is short in the long term with a bear rally up in progress at this time. I have no idea how far up this rally will go, but overhead resistance levels can lend a clue. So far today there is a green Marubozu which is bullish but this can change by close. The top is at a level of resistance. When the talking heads are saying "Buy, Buy, Buy", it is often time to take your winnings and leave the room. No recommendation.
NASDAQ:FANGShort
by lauralea