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so with a 30 multiple, you think it is worth 30 tops? If it is obviously overpriced, why is FANG still at 64 - 70 range? Why are investors being so stupid? Alternatively, which Energy Play would YOU pick if you had to pick one? I also Like MTDR and SYRG.
Sentiment: Strong Buy
retail investors left in fang, SELL NOW, take your lose, weather at 72 or 67 or 60; this is going to get very very ugly. FAST
Today most oils up 1-2%, fang RED, very bad, get out before it hits 55 and lower
I think hedge funds hold nearly all the fang stock plus from the 4 secondary's; they do not have to sell. BUT, if they decide to bail, 55 is a given within 1 day
erikcg, u are the voice of reason, thanks for prior info post; u proved to be a valuable service to this message board for fang
I based my original target of $45 on the assumption that FANG would have EPS of $1.50 in 2016 and have a generous 30 multiple. It's becoming highly doubtful that they'll be able to earn $1.50 in 2016. I may have to revise my target price down to $30.
I thought u meant they moved on, this is just as bad, I was not paying attention a few days ago. PS I'm out, even a stock on steroids cannot counter a sub 40$ oil, and that's on it's way, maybe today.
google: FANG MOLNAR STICE SOLD
Diamondback Energy, Inc. (FANG): Paul Molnar , VP Geoscience of Diamondback Energy, Inc. sold 5,000 shares on Aug 17, 2015. The Insider selling transaction was disclosed on Aug 18, 2015 to the Securities and Exchange Commission. The shares were sold at $72.67 per share for a total value of $363,360.00.
Currently the company Insiders own 0.5% of Diamondback Energy, Inc. Company shares. In the past six months, there is a change of -87.38% in the total insider ownership. Institutional Investors own 79.6% of Company shares.
Diamondback Energy, Inc. (FANG): Travis D. Stice , Chief Executive Officer of Diamondback Energy, Inc. sold 30,000 shares on Aug 18, 2015. The Insider selling transaction was disclosed on Aug 20, 2015 to the Securities and Exchange Commission. The shares were sold at $72.44 per share for a total value of $2,167,443.50.