Diamondback Energy Inc (FANG) in PGIM Jennison Natural Resources Fund Q2 2024

Strategic Positioning in U.S. Shale Oil Production

Apr 15, 2025

Summary

Strong focus on efficient shale oil production in the Permian Basin.
Benefiting from cost-effective operations and strategic acquisitions.
Exposure to volatile oil prices and regulatory changes.
Solid performance driven by increased production and favorable pricing.
Future outlook remains positive with continued operational efficiencies.

In the PGIM Jennison Natural Resources Fund Q2 2024 commentary, Diamondback Energy Inc (FANG, Financial) was highlighted as a key holding, reflecting its strategic importance in the fund's portfolio. The company is a leading player in the U.S. shale oil industry, particularly in the Permian Basin, known for its cost-effective production capabilities and strategic acquisitions that enhance its resource base.

"Diamondback Energy's focus on operational efficiency and strategic growth through acquisitions positions it well to capitalize on favorable oil market conditions, despite the inherent volatility in oil prices." — PGIM Jennison Natural Resources Fund Q2 2024 Commentary

Read full letter at gurufocus pgim jennison natural resources fund q2 2024 commentary 2024 Q2 page.

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