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Diamondback “Very Comfortable” at $45 to $50 oil
Cost reduction major focus Diamondback Energy (ticker: FANG) held its first quarter conference call last week, where the pure-play Permian operator discussed current activity. “Very comfortable” at $45 to $50 oil During the conference call, Diamondback CEO Travis Stice commented that the company is “very comfortable” with oil prices between $45/bbl and $50/bbl. Those prices are expected for current activity