Giant Oil & Gas Merger Sends Stock Higher

Diamondback Energy Inc (NASDAQ:FANG) stock is shooting higher today, after reports that the oil and gas name is acquiring Endeavor Energy for $26 billion. The cash-and-stock deal will include debt, and "represents one of the more attractive" deals in the past several years according to a note from Truist Securities. At last glance, FANG was up 9.9$166.77, pushing back toward its Oct. 18 record high of $171.39 and on track for its best day since April 2021. The equity's recent pullbacks have seen suppor ...