Diamondback Energy Inc (FANG)

[Wildbilly]

5 commodity stocks moving on news.



(Excerpt))

Oil & Natural Gas

We have continued to watch over the past few trading sessions as names in the Permian Basin, specifically the Wolfcamp/Sprayberry area, have defied gravity and risen even with headwinds developing and big run-ups in stock price recently. The latest bullish news was from Pioneer Natural Resources (PXD) which reported another solid well in the area that had a 24-hour IP Rate of over 1,500 BOE/D. The shares rose on that news and again yesterday after UBS upgraded their price target to $155/share due in part to the solid initial results. Couple this with seemingly unstoppable rise over at Diamondback Energy (FANG) and it is becoming apparent that investors are starting to focus upon these Permian names more and more and recognizing the promise that they hold. We are still bullish of the Permian play, specifically the Wolfcamp, but will wait until a pullback to reenter some of these trades. There are other names which have recently entered that are cheaper on a valuation standpoint but we recognize that a premium must be paid for names which are pure plays.

http://seekingalpha.com/article/1456431-5-commodity-stocks-moving-on-news?source=yahoo