Energy stocks fell Monday morning as growing concerns about China's pandemic reopening helped push U.S. crude prices to their [lowest levels of the year](https://www.wsj.com/livecoverage/stock-market-news-today-11-28-2022/card/u-s-crude-oil-prices-erase-2022-gains-crQAx1F9mcrilxlS9qKR). Shares in Diamondback Energy, EOG Resources, ExxonMobil, Pioneer Natural Resources and Chevron all fell more than 2% in morning trading. Investors piled into such stocks in recent months as skyrocketing energy pr
Investors need to pay close attention to Diamondback Energy (FANG) stock based on the movements in the options market lately.
Diamondback's (FANG) latest acquisition augments its presence in the Permian Basin by adding about 25,000 gross (15,000 net) acres in the core of the Northern Midland Basin.