Ro_Patel
BMO Capital reiterates Outperfrom Rating on $FANG & ups TP from $215 to $224
Cites: This upward adjustment reflects continued positive sentiment regarding Diamondback Energy's robust operational efficiencies in the Permian Basin & strong capital-return profile following its integration of Endeavor
Note: EIA ests that total crude oil production in the Permian would be 6.76Mbpd this year, higher than 6.57Mbpd last year. Thus, w/ high prices & production increases in the most prolific basin, it should aid in the bottom lines of E&Ps operating in the basin
1
