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Hey man, appreciate the charts and insights as always. Check out AMRS. Look at that bullish engulfing candle today and the broken downtrend line from the last few months. Target of +30% or more within a week is reasonable. I went long during power hour today and may look to add tomorrow..
Yeah I might take a swing at some more 17.50 calls :)
Hey buddy. We busted through that downtrend line today and a close over 17 looks like a sure thing. Gapper tomorrow and then day 2 of the run, looks like to me! :) :) I think we read this one right. Tomorrow should be fun.
I haven't followed Ultra P
wishing though i caught it. Monthly chart looks good if it can get back up
inside the channel, RSI can go a ways yet, Daily chart would scare me away for now, oscillators ringing overbought zone, but this market you never know. patience sometimes the key. more later
romanov
Love your analysis as usual. I'm also feeling good about my VNOM positions., and your chart helps to bolster that confidence. I'll check out those other tickers you mentioned too.
Natural gas is also very strong lately. My favourite stock in that sector is UPLMQ, will be watching for the 4.45 break on Monday.
VNOM
could run hard here with oil about to make a run for $60/bbl
Oil needs to catch up to market or market needs to come down a little
to get back into synchronization or correlation whichever way you look at it, next week should b a good move in oil related stocks, especially refiners like TSO VLO PSX
romanov
I read the 13D, and...
http://ih.advfn.com/p.php?pid=nmona&article=72197284&symbol=VNOM
Looks like it's mostly about stuff that has already happened? Doesn't look like it should move pps either way to me. But I'm mostly a chart guy, so if you have another take on it I would love to hear it.
Bog
$22?! It's been nealy two years since it hit $22, and my option calls expire in August and September, so I'm definitely not holding that long lol.
What's a form 13D?
I like your style, what other stocks do you have?
My positions:
Options- VNOM $17.50 strike, PGNX $7 strike, QVCA $22 strike,
Longs- BLGO, ASTI (small position), TEUFF (small position), SDOCQ (small position)
Thanks, I hadn't spotted that downtrending slope line you drew on your chart. I am now watching that line and waiting, as I think it will be broken soon. Did you see how it bounced off the 200-MA? Closed red right at the 200-MA on Tuesday, dipped briefly below yesterday and then closed above it. I love what I am seeing here. Jmho. I'm long Aug & Sep $17.50 calls.
VNOM
on watch alert, insider buying. oil rebound should help, selling exhaustion occurred Aug 27th, coming out of oversold oscillator readings, closed above the 8 ema signal line 2 Xs already, so look for a run to perhaps to $17 for now and wait until a close over the
down trending slope line to confirm an uptrend.
fair enough
R5
VNOM Now 7 new analysts coverage
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Robert W. Baird. They set a "neutral" rating and a $36.00 price target on the stock. 10.2% upside from the previous close of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Credit Suisse. They set a "neutral" rating on the stock. Previous closing price of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Sterne Agee. They set a "neutral" rating on the stock. Previous closing price of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Wells Fargo & Co.. They set an "outperform" rating on the stock. Previous closing price of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Barclays. They set an "overweight" rating and a $36.00 price target on the stock. 10.2% upside from the previous close of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Howard Weil. They set a "sector perform" rating and a $35.00 price target on the stock. 7.1% upside from the previous close of $32.68. Tweet This.
Viper Energy Partners LP (NASDAQ:VNOM) is now covered by analysts at Raymond James. They set a "market perform" rating on the stock. Previous closing price of $32.68.
Nice call Wildbilly.
IMO and FWIW.
Viper E.P. Prices Initial Public Offering at $26.00
Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Prices Initial Public Offering at $26.00 Per Common Unit
Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Prices Initial Public Offering at $26.00 Per Common Unit
MIDLAND, Texas, June 17, 2014 (GLOBE NEWSWIRE) -- Viper Energy Partners LP ("Viper"), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback"), and Diamondback today announced the pricing of Viper's initial public offering of 5,000,000 common units representing limited partner interests at $26.00 per common unit. The common units are expected to begin trading on the NASDAQ Global Select Market on June 18, 2014 under the ticker symbol "VNOM." In addition, Viper has granted the underwriters a 30-day option to purchase up to an additional 750,000 common units at the initial public offering price. The offering is expected to close on June 23, 2014, subject to customary closing conditions.
Upon the consummation of the offering, the public will own common units representing an approximate 7% limited partner interest in Viper (or an approximate 8% limited partner interest if the underwriters exercise in full their option to purchase additional common units). Diamondback will own the remaining approximate 93% limited partner interest in Viper (or an approximate 92% limited partner interest if the underwriters exercise in full their option to purchase additional common units) and the general partner of Viper.
Viper intends to distribute the net proceeds from the offering to Diamondback. The net proceeds from any exercise of the underwriters' option to purchase additional common units will also be distributed to Diamondback.
Barclays, Credit Suisse and Wells Fargo Securities are acting as joint book-running managers for the offering, Baird, Raymond James, Scotiabank / Howard Weil, Simmons & Company International, Stifel and Tudor, Pickering, Holt & Co. are acting as senior co-managers for the offering, and Northland Capital Markets, Sterne Agee and Wunderlich Securities are acting as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the final prospectus may be obtained from:
Barclays Capital Inc. Credit Suisse Securities (USA) LLC
c/o Broadridge Financial Solutions Attention: Prospectus Department
1155 Long Island Avenue One Madison Avenue, Level 1B
Edgewood, NY 11717 New York, NY 10010
1-888-603-5847 Telephone: 1-800-221-1037
Email: Email:
barclaysprospectus@broadridge.com newyork.prospectus@credit-suisse.com
Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
You may also obtain a copy of the final prospectus for free by visiting the U.S. Securities and Exchange Commission's (the "SEC") website at http://www.sec.gov.
A registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described above in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Viper Energy Partners LP
Viper Energy Partners LP is a limited partnership formed by Diamondback Energy, Inc. (Nasdaq: FANG) that is engaged in owning, acquiring and exploiting oil and natural gas properties in North America, with an initial focus on the Permian Basin.
About Diamondback Energy, Inc.
Diamondback Energy, Inc. (Nasdaq:FANG) is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the Wolfcamp, Clearfork, Spraberry, Cline, Strawn and Atoka formations.
Forward-Looking Statements
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Viper's prospectus and SEC filings and Diamondback's SEC filings, including its Forms 10-K, 10-Q and 8-K. Each of Viper and Diamondback undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
CONTACT: Investor Contact:
Adam Lawlis
+1 432.221.7467
alawlis@diamondbackenergy.com
(END) Dow Jones Newswires
June 17, 2014 21:09 ET (01:09 GMT)- - 09 09 PM EDT 06-17-14
Source: DJ Broad Tape
This is a 5th stage breakout for FANG...meaning this is the rocket stage. This also means that rockets burn out and fall quickly. I am moving my stop loss price higher daily. I think we either have the end point today, tomorrow or Wednesday when the IPO is priced and opens. I might be completely off base. The last analyst had raised their SP to $90, which it hit today. A different group raised their SP today to $98. I know this is getting ahead of itself. It can stay ahead of itself for awhile though. I don't understand how anyone could pay $90 for FANG today. How is it justified? FANG estimates it has 6x the reserves they have proven. But the SP here is just crazy IMO.
Vanbookie (watching with amazement)
Thanks vanbookie,
Should be an interesting week for VNOM and FANG.
GLTU.
Thanks, looks to be an expensive devil
I'll likely wait for options to be available, likely sometime after the expiration of any share lockdowns.
NASD now has VNOM as opening next Wednesday, 6/18/14.
Thanks Wildbilly.
The PR sounded like it was getting close.
Nothing yet on Nas June 2014 Upcoming IPOs
http://www.nasdaq.com/markets/ipos/activity.aspx?tab=upcoming
Looks like tomorrow maybe? VNOM
Wells Fargo joins Barclays as book-running managers
Barclays, Credit Suisse and Wells Fargo Securities are acting as joint book-running managers for the offering, Baird, Raymond James, Scotiabank / Howard Weil, Simmons & Company International, Stifel and Tudor, Pickering, Holt & Co. are acting as senior co-managers for the offering, and Northland Capital Markets, Sterne Agee and Wunderlich Securities are acting as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. When available, a copy of the preliminary prospectus may be obtained from:
Barclays Capital Inc. Credit Suisse Securities (USA) LLC
c/o Broadridge Financial Solutions Attention: Prospectus Department
1155 Long Island Avenue Eleven Madison Avenue, Level 1B
Edgewood, NY 11717 New York, NY 10010
1-888-603-5847 Telephone: 1-800-221-1037
Barclaysprospectus@broadridge.com
Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
http://ih.advfn.com/p.php?pid=nmona&article=62509804&symbol=VNOM
The "Expected" date was for 2Q 2014,
they better hurry lol.
Barclays is the sole bookrunner on the deal so I'll look for it from them first.
Post it if you find it and I'll do the same.
Looks like it could be huge.
Do you when they will launch it?
Hola reaper, getting expensive here, eh?
Diamondback’s Spinoff Viper Energy Could Top $1 Billion In IPO
By Darren Barbee, Hart Energy June 4, 2014
If nothing else, Diamondback Energy Inc. (NASDAQ: FANG) has a nearly endless list of names for possible subsidiaries.
Named for a rattlesnake, the company’s offshoot Viper Energy Partners LP (VNOM) is proving to be formidable. Viper holds FANG’s mineral interests and could create more than $1 billion in value in an IPO, analysts said.
Viper holds mineral interests underlying about 14,804 gross (12,687 net) acres in Midland County, Texas, which are operated by FANG and RSP Permian Inc. (NYSE: RSPP).
{req.'s a sub. to read the rest @ Oil & Gas Investor.com}
Analysts optimistic about Diamondback's upcoming Viper IPO
Jun 6 2014, 10:46 ET | About: Diamondback Energy (FANG)
Diamondback Energy's (FANG +1.3%) price target is raised to $90 at Mizuho and $86 at Topeka Capital, as both firms believe the success of the recent PrairieSky Royalty Trust IPO implies a considerably higher valuation for the upcoming IPO of FANG's Viper Energy Partners than had been expected.
Mizuho sees the Viper IPO as an immediate catalyst, and expects the deal will price in the coming weeks.
http://seekingalpha.com/news/1789303-analysts-optimistic-about-diamondbacks-upcoming-viper-ipo
IMO and FWIW.
Thanks for the posts Wildbilly.
Looks like it could be a nice play.
GLTU, IMO and FWIW.
The Midland, Texas-based company,
which owns interests in properties in the Permian Basin in West Texas, said most of its assets are leased out for operation and development.
Growing oil production from the Permian Basin, stretching over Texas and New Mexico, has pushed down crude costs in the region, helping oil refiners boost margins.
Viper Energy said it will use proceeds from the offering to make a distribution to its current owner, Diamondback.
The master limited partnership (MLP) structure allows companies to raise money in the stock market while having income taxed only at the unit holder level, avoiding corporate income taxes.
Viper Energy reported net income of about $3 million and royalty income of $15 million since its inception in September 2013 through December 31.
The company told the U.S Securities and Exchange Commission in a preliminary prospectus that Barclays was underwriting the IPO. (r.reuters.com/suj29v)
Viper Energy, which said it intends to list its common units on the Nasdaq under the symbol "VNOM", did not reveal how many shares the company planned to sell or their expected price.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different. (Reporting by Amrutha Gayathri in Bangalore; Editing by Rodney Joyce)
http://www.reuters.com/article/2014/05/07/viperenergy-ipo-idUSL3N0NT5R520140507
Diamondback's Viper Energy Partners (VNOM) Files $100M IPO
Viper Energy Partners LP (Nasdaq: VNOM) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on the NASDAQ Global Select Market under the symbol “VNOM.”
Leading the offering is Barclays.
Viper Energy Partners LLC
http://www.streetinsider.com/IPOs/Diamondbacks+(FANG)+Viper+Energy+Partners+(VNOM)+Files+$100M+IPO/9462445.html
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