Bullish Case: FANG's robust revenue growth, significant Permian basin presence, and advantageous mergers signal continued stock appreciation.


Bearish Case: Insider selling, potential merger integration challenges, and volatile natural gas prices may pressure FANG's stock price.


Potential Outcomes:

1. FANG stock appreciates with successful merger integration and bullish oil market (45% chance).

2. FANG stock declines amidst merger complications and volatile commodity prices (30% chance).

3. FANG stock exhibits volatility, mirrors broader market trends (25% chance).


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April 09, 2024


Diamondback Energy Forecast

FANG        Diamondback Energy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

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LBRT Forecast + Options Trading Strategies   LBRT  Liberty Oilfield Services (0.94)


FTI Forecast + Options Trading Strategies   FTI  TechnipFMC (0.93)


IMO Forecast + Options Trading Strategies   IMO  Imperial Oil (0.93)


CNQ Forecast + Options Trading Strategies   CNQ  Canadian Natural Resources (0.92)


TRGP Forecast + Options Trading Strategies   TRGP  Targa Resources (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to FANG



ONON Forecast + Options Trading Strategies   ONON  On (-0.0)


ZG Forecast + Options Trading Strategies   ZG  Zillow (0.0)


WOR Forecast + Options Trading Strategies   WOR  Worthington Industries (-0.0)


WMT Forecast + Options Trading Strategies   WMT  Walmart (0.01)


WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FANG



BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.86)


CRNC Forecast + Options Trading Strategies   CRNC  Cerence (-0.87)


RICK Forecast + Options Trading Strategies   RICK  RCI Hospitality (-0.88)


LEG Forecast + Options Trading Strategies   LEG  Leggett & Platt (-0.88)


BCE Forecast + Options Trading Strategies   BCE  BCE (-0.91)





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