Diamondback Energy: Increased Geopolitical Tensions Raise Free Cash Flow Outlook

Pla2na The energy market has been among the few to be eerily quiet in 2024. While stocks face heightened volatility and gold surges to consecutive all-time highs, crude oil remains stuck in the ~$70 to ~$80 range since the end of 2022. Geopolitical turbulence and tensions have occasionally caused sharp changes in the price of oil. Still, both concerns of a demand-driven decline or a supply shock surge have failed, leaving most oil producers stagnant. I've covered Diamondback Energy (NASDAQ:FANG) since 2022, ...