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12.02.2024 16:48:08 - dpa-AFX: Diamondback Energy Climbs On Acquisition Of Endeavor
WASHINGTON (dpa-AFX) - Diamondback Energy, Inc. (FANG) shares are gaining
more than 8 percent on Monday morning trade after the company announced a
definitive merger agreement with Endeavor to create a Permian independent oil
and gas company. The deal is worth approximately $26 billion.
Diamondback said it expects operational synergies to be realized in 2025 by the
combined company. On a pro forma basis in 2025, the Texas-based independent oil
and natural gas company expects to generate oil production of 470 - 480 MBO/d
with a capital budget of approximately $4.1 - $4.4 billion.
Currently, shares are at $166.68, up 9.86 percent from the previous close of
$151.74 on a volume of 3,041,654.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
more than 8 percent on Monday morning trade after the company announced a
definitive merger agreement with Endeavor to create a Permian independent oil
and gas company. The deal is worth approximately $26 billion.
Diamondback said it expects operational synergies to be realized in 2025 by the
combined company. On a pro forma basis in 2025, the Texas-based independent oil
and natural gas company expects to generate oil production of 470 - 480 MBO/d
with a capital budget of approximately $4.1 - $4.4 billion.
Currently, shares are at $166.68, up 9.86 percent from the previous close of
$151.74 on a volume of 3,041,654.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
DIAMONDBACK ENERGY DL-,01 | A1J6Y4 | Frankfurt | 188,160 | 09.05.24 08:05:16 | -0,620 | -0,33% | 188,180 | 189,800 | 188,160 | 188,780 |
