12 Best Energy Stocks To Invest In Now

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9. Diamondback Energy, Inc. (NASDAQ:FANG)

Number of Hedge Fund Investors: 49

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company focused on the acquisition, development, and exploration of onshore oil and natural gas reserves in the Permian Basin in West Texas. The company produces and sells crude oil, natural gas, and NGLs to domestic and international markets. Diamondback Energy, Inc. (NASDAQ:FANG) recently completed its merger with Endeavor Energy Resources, in a deal valued at $26 billion.

To support long-term growth, Diamondback Energy, Inc. (NASDAQ:FANG) is heavily investing in infrastructure and transportation solutions to maximize the value of its natural gas production. In Q3, the company secured substantial capacity on key pipelines, including the Whistler and Matterhorn pipelines, ensuring approximately 250 million cubic feet of gas per day can reach premium markets. Additionally, Diamondback Energy, Inc. (NASDAQ:FANG) holds a 10% stake in the upcoming Blackcomb pipeline, expected to become operational in the coming years, further enhancing its ability to transport gas efficiently to South Texas markets.

Diamondback Energy, Inc. (NASDAQ:FANG) is exploring innovative ways to enhance the value of its natural gas resources. One key initiative involves developing power generation facilities using its natural gas supply to produce electricity. This approach not only increases profit margins but also protects the company from the volatility of natural gas prices. Furthermore, Diamondback Energy, Inc. (NASDAQ:FANG) is collaborating with data center operators and other partners to create energy solutions that capitalize on the abundant, low-cost natural gas available in the Permian Basin.

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