Diamondback Eyes $5B Acquisition of Double Eagle in Permian Basin
Portfolio Pulse from
Diamondback Energy (FANG) is in discussions to acquire Double Eagle for over $5 billion, aiming to expand its operations in the Permian Basin.
February 18, 2025 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Diamondback Energy is negotiating a $5 billion acquisition of Double Eagle to strengthen its position in the Permian Basin.
The acquisition of Double Eagle for $5 billion is a significant move for Diamondback Energy, as it will expand its assets and operations in the lucrative Permian Basin. This strategic acquisition is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100