Is Diamondback Energy Stock a Buy?
This year was supposed to be a big one for oil producer Diamondback Energy (NASDAQ: FANG). The company was right on the cusp of an inflection point that would have enabled it to generate a gusher of free cash flow if oil averaged $55 a barrel, slightly below where crude entered this year. Unfortunately, oil prices would go on to crater, which upended Diamondback Energy's 2020 game plan, causing its shares to plummet 55% so far this year.
While shares are down sharply this year, several catalysts could fuel a rebound in the coming months. Here's a look at that bull case for buying the stock now as well as what could go wrong.
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Source Fool.com
