Diamondback (FANG): Permian Leverage, Clean FCF and a Tactical Long
Diamondback Energy offers concentrated Permian exposure, robust free cash flow ($3.68B) and a conservative balance sheet (debt/equity 0.33). Valuation is mixed — a premium P/E (~38x) versus attractive EV/EBITDA (~6.1x) — making this a tactical long for investors who want oil upside with operational resilience. Trade plan: enter at $200.53, target $…