Diamondback Energy's performance is framed across $60 and $100 oil price scenarios.
Context
What happened: A Seeking Alpha analyst rated Diamondback Energy (FANG) a Buy, citing resilient free cash flow at low oil prices and disciplined capital allocation.
Key numbers: Q2 free cash flow $2.33B at $96.82/bbl oil; net debt $12.3B; prior article ran December 31, 2024 with the stock near $158.
Why it matters: The analyst sees leverage as a key risk but notes management aims for a cleaner balance sheet by 2027, and calls the 12 to 18 month outlook constructive if inventory restocking persists.