GREY:CAZFF - Post by User
Post by
buyvalue1on Sep 17, 2014 8:29am
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Post# 22943130
Observation/ Report/Diamondback/Permian
Observation/ Report/Diamondback/Permian Observation/ Report/Diamondback/Permian
Fyi
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Diamondback Energy (NASDAQ)(FANG)
(Needs land. IMHO)
Seeking Alpha/Diamondback/ link:
https://seekingalpha.com/article/2500595-any-value-left-in-diamondback-energy?source=email_stocks_and_sectors_bas_mat_10_14&ifp=0
"The stock trades at an EV/EBITDA of roughly 12x. The number isn't too far from the roughly 10x multiple for Concho Resources, but the valuation concern is with the EV/Proved Reserves that sticks out at over $60 per boe for Diamondback Energy. Concho only trades at $35 per boe of proved reserves. Laredo Petroleum sits at an even lower EV of roughly $22 per boe based on end of 2013 reserves. For now, the lack of reserve replacement keeps us on the sidelines with Diamondback Energy at these levels."
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Cheers
Long Caza