Diamondback Energy Talks About Acquiring Oil Companies in the Permian Basin.

Diamondback Energy has been on an acquisition spree over the last several months, acquiring Oil and Gas operators in the Permian Basin such as QEP Resources and Guidon Operating.
The deals totaled nearly $3 billion in value through cash and stock transactions, so Kaes Van't Hof, CFO of Diamondback Energy came on to walk us through their thought process on that, as well as what the future of the company looks like and the status of investor sentiment towards the industry.

[@DigitalWildcatters]

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[@Lair]

This is awesome. Loved hearing from Kaes about Diamondback's culture and general vibe concerning the industry right now. They seem like a good group.

[@pldevries]

Great interview! Long on facts, no pointless banter. Keep it up.

[@dajuggernaut2099]

Firebird and Lario acquisitions happened this past year as well. Diamondback making big money moves.

[@orangemanbad]

I’d love to see this now that they’ve acquired Autry’s baby.

[@washnon]

did they buy torchlite TRCH

[@alcopone104]

They're one of our customers and they always get the cheapest but they're consistent. So umm....idk hope to see them succeed in the future

[@docdoc4129]

Booooo! 17 Oct 2023 No public day to the oil show, this year? This is a staple for the public here in Permian Basin and it doesn't look like a day for us to come and learn why to support it. We pay some of the highest prices in fuel here and for what exactly now?! First year without a public day 2023 of my recollection at age 53 and I grew up here, been here most of my life. Very poor management for that alone. In fact, many of us faught in wars to protect this industry. I am one of the many as well as the many who worked in the industry for some major players like Halliburton. Finally, to the so very many in the support industry including local restaurants, teachers, nurses, doctors, ems...Many aren't supporting this due to Bidenomics and to cut the local's throats? Good luck buddy. Loosing support ~Local veteran, hand, student and member of the public

[@ck3328]

This Company is so sucks. It sucks regular investors money, playing with stock price. I lost tons of money because of this company. It was more than $101 and it crashed more than 20% in a month and it is below $77. What kind of company is this? Are they gambling with stock price? Why main trading company show this still as strong buy and high price expectation there? It crashed. Befor price crashed CEO just sold out his share and caused price crashed. What kind of company is this? Fraudulent and doing gambling and playing with regular new investors?

[@dantheman1534]

YOU ARE SHOWING YOUR IGNORANCE. ITS A COMMODITY N THEY R VOLATILE. IF U WOULD HAVE HELD, IT WENT FROM YOUR 77 TO 117 IN OCTOBER OF '21. BUY IT BACK. ITS AT 107 GOING TO 137 AND BEYOND. +28%. iTS UP OVER 150% IN 2021.

[@lastcall4111]

just be more patient next time.

[@markorourke5901]

The whole market is down, you need to be more on to it.

[@dajuggernaut2099]

Hahaha it's above 140 now. How do you feel?

[@markorourke5901]

@@dajuggernaut2099 Always buy on the down cycle