Today’s Stock: Diamondback Energy Inc. (FANG)Today’s Stock: Diamondback Energy Inc. (FANG)

Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

My Thoughts 💭My Thoughts 💭

Back into the Oil and Gas. I must of added this company to the watchlist during my Oil and Gas phase of investing. This is the third company I reviewed. I did TPL and SHEL already. I think SHEL is better better investment than TPL at this time so let’s see where FANG falls.

At 156.8k sats per share ($93,697), and a 4.2k sat dividend payment per share it would take about 37 years to break even on your investment if everything stayed stable.

The company trades at a PE 10 makes it very cheap by historical standards.

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I think this company had a different name thus the reason for ticker FANG not in alignment with the overall company name.

Looking at the fundamentals this is a solid business. It is much cheaper than TPL from a valuation standpoint. The balance sheet has too much debt and not enough cash for my liking but they have more than enough equity to sell into the market to pay off the debt they do have. Plus they have negative cash flow. Before making a substantial investment into this company once should read the 10k and list to the last two conference calls to see what is going on with the free cash flow.

Growth for this company is extremely limited as it is forecasted to grow at under 5% a year. But the decent dividend payment makes up for this lack of growth. But I am overall bearish on oil. The days of $110 barrel of oil are long gone. Profits might be squeezed due to the world economy slowing down and becoming multi polar.

But Oil will be around long after I am dead! I don’t have a strong compelling case to buy this company. **Holding bitcoin is better than selling sats to own shares in this company. ** This is a good business that will provide you steady returns via dividends and stock appreciation just due to fiat losing value year over year.

SHEL is a better company to own in Oil and Gas if you wish to have exposure to the oil markets.