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July 21, 2014
06:31 EDTFANGDiamondback Energy files to sell 5M shares of common stock
Diamondback intends to use the net proceeds from this offering and borrowings under its revolving credit facility to fund its previously announced pending acquisition of certain leasehold interests in the Permian Basin. To the extent the pending acquisition is not consummated, or the actual purchase price is less than the net proceeds from this offering, Diamondback intends to use any remaining net proceeds to fund a portion of its exploration and development activities and for general corporate purposes, which may include leasehold interest and property acquisitions and working capital. Credit Suisse Securities is acting as sole book-running manager for the offering.
News For FANG From The Last 14 Days
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October 20, 2014
08:02 EDTFANGDiamondback, Viper sell-offs 'significantly overdone,' says Wunderlich
Wunderlich believes the recent sell-offs in shares of Diamondback Energy (FANG) and Viper Energy (VNOM) are "significantly overdone." The firm thinks recent news from Viper suggests that Diamondback's work in the Permian is continuing to provide strong growth in production and cash flow. It keeps a Buy rating on Diamondback with a $110 price target.
October 16, 2014
07:46 EDTFANGViper reports production attributable to mineral interests in Q3 309.7 MBOE
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