Diamondback Energy (FANG) Valuation in Focus After Major Asset Sales and Strategic Portfolio Shift
Diamondback Energy (FANG) just made headlines after announcing the sale of its Environmental Disposal Systems unit and a significant stake in EPIC Crude Holdings. Together, these deals will bring in over $1.1 billion in upfront cash and leave the company with potential earnouts down the road, as well as some ongoing commercial relationships that keep Diamondback involved in key infrastructure. For investors, the scale and intent behind these transactions are hard to ignore. They signal a...