Now that Trump won the election, what stocks should I buy?
Need your thoughts on FANG
Diamondback Energy
The oil industry would see advantages under Trump’s pro-energy agenda, including his potential reversal of restrictions on fracking and new natural gas projects. This would likely lead to more favorable conditions for fossil fuel companies, particularly in key states like Pennsylvania. Oil drilling companies like FANG are poised to do well in a lower rate, lower regulatory environment.
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
- 2017 Price Return: 25%
- 2024 Price Return YTD: 18.5%
- Revenue (TTM): 8.85B
- Revenue Growth Rate (TTM): 11.34%
- Earnings Growth Rate (TTM): .73%
- P/E Ratio: 9