Middle East Tensions Boost Diamondback's Bottom Line: Acquisition and Proven Performance

October 4, 2024 - Diamondback Energy (FANG, Financial), a leading company that primarily focuses on finding and producing oil and natural gas in the Permian Basin, West Texas, that is known for its rich energy resources, is experiencing a surge in investor interest. Here's a breakdown of the key drivers: The possibility of a joint US-Israeli military action against Iran's oil infrastructure in the Persian Gulf has sparked fears of a massive oil price surge. Should this attack materialize, it could severely ...