Diamondhands
Diamondback and Endeavor Forge $50 Billion Powerhouse
In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at over $50 billion, positioning it as the largest, pure-play oil producer in the prolific Permian shale field.
The proposed merger, which could be announced as early as Monday, underscores a strategic move by Diamondback ( NASDAQ:FANG ) and Endeavor to consolidate their strengths and capitalize on synergies in a fiercely competitive market. With Diamondback's shareholders expected to hold the majority stake in the combined entity, the newly formed company is set to dominate the Permian landscape, surpassing even industry giants like Exxon Mobil and Chevron.
Dan Pickering, Chief Investment Officer of Pickering Energy Partners, describes the impending merger as a "layup" due to the natural fit and acreage overlap between the two entities. This sentiment is echoed by industry analysts who anticipate that the deal will not only enhance operational efficiencies but also exert pressure on remaining players in the Permian basin to explore similar consolidation strategies.
The consolidation trend within the Permian basin reflects a broader push among oil producers to secure future drilling inventory and optimize output amidst evolving market dynamics. Andrew Dittmar, Senior Vice President at data analytics firm Enverus, observes that while future deals may not match the magnitude of recent transactions, the Diamondback-Endeavor merger is poised to set a new benchmark for industry consolidation.
Autry Stephens, founder of Endeavor Energy Resources, is expected to retain a significant role in the merged entity, underscoring the deep-rooted legacy of the company he built over four decades. Endeavor's formidable operations spanning 350,000 acres in the Midland portion of the Permian Basin reflect Stephens' astute strategy of acquiring undervalued assets and leveraging innovative technologies to drive profitability.
The impending merger between Diamondback ( NASDAQ:FANG ) and Endeavor represents a pivotal moment in the oil industry, signaling a paradigm shift towards consolidation and collaboration in the pursuit of sustainable growth and operational excellence. As investors eagerly await the market's response to this transformative deal, all eyes are on Wall Street to gauge the resonance of this monumental merger within the energy sector and beyond.
DESO on the move?In our previous idea on DESO we showed that there was a bullish wedge pattern forming.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a MUN:10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
BTCUSD Potential Forecast | 17th March 2023Fundamental Backdrop
1. US economy continues to get hammered with the most recent SVB crisis.
2. Seeing the instability of the fiat currencies result in influx of investments and assets into cryptocurrency and Bitcoin.
Technical Confluences
1. Price retested the support level at 23844 before pushing up slightly.
2. Price has most recently broken structure on the daily timeframe.
3. Price is forming higher highs and higher lows.
4. Price rejected off the resistance level at 25100 before come back to retest support level at 23844.
Idea
Price can potentially continue to head higher to 30000 regions before the bullish momentum begins to wane.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
BTCUSD Potential Forecast | 9th March 2023Fundamental Backdrop
1. Upcoming NFP print can dictate the direction on BTCUSD.
2. Fear and greed index is inclining more towards "fear".
Technical Confluences
1. Price is in a bearish trend, forming lower lows and lower highs.
2. Price has rejected off a H4 resistance zone at 22169.
3. Price looks poised to tap into the H4 support zone at 21400.
4. Price is well under the ichimoku cloud, signifying bearish intent.
Idea
I will be looking for price to continue its bearish momentum in the market and for price to retrace back to 15000 region.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
BTCUSD Potential Forecast | 3rd March 2023Fundamental Backdrop
1. Cryptocurrency movement continues to be muted.
2. Bitcoin have a long way to retrace further.
Technical Confluences
1. Price has rejected off a H4 area of resistance.
2. Strong bearish momentum ensued.
3. Currently price is flirting the H4 level of support at 22500.
4. Price have potential to come lower to the next H4 level of support at 21400.
5. Price is resting well below the ichimoku cloud, signifying bearish intent.
Idea
Looking for short positions to enter into the market to take price down to the H4 level of support at 21400.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
GBPJPY THRIVEGBPJPY has been in an uptrend for a while, Both the H4 and H1 confirm this. i havent seen any signs of a reversal approaching.. Price has just strated pulling back and i see this as an opportunity to take more positions
AUDCAD HIKEPrice has been bullish on HTF this has been confirmed by the H1. Now we expect price to pull back into retracement levels before taking any long positions
XMRBTC DIVEAfter out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
EURCAD HIKEEURCAD is currently on a downtrend on from the daily moving up. but, H4 structure have been bullish and the 1H has been bullish too so we intent to ride this pull back by taking position during these dips until the next reversal that resumes the bearish trend.
ETHEREUM PUMPETH and Crypto have been gaining bullish momentum on the H4 I only think its right we ride the wave before it resumes the bearish trend on HTF
USOIL PUMPEnergy markets have turned bullish on the HTF. NATGAS confirms this. Now we intend to ride the Trend until the next reversal. We buy every time price dips/retraces/pullbacks on the H1.
NATGAS ThrivesHTF have been bullish for a while. Price is pulled back into retracement levels on H1 now we wait for confirmation signals to take up more positions.
CRV PUMPH4 structure has been bullish H1 is bullish and price recently pull back into retracement levels. now is the time to buy the DIP
BTCUSD SAID BUY THE DIPBTC has been bullish on the 4H for a while now. Price seems to be have pulled back on the 1H now we are just looking for further confirmation signals to hop on the gravy train.
XMR HikeHTF Structure is bullish Price has recently pulled back into retracement levels this presents great opportunity for calls on monero
GBPJPY SPIKEPullbacks + Retracement levels+ Demand Zone waiting for confirmation signals. Structure confirms its a strong buy position
US30 ShortPrice just completed a three leg extension. I'm waiting to see price move into retracement levels hitting my supply zone before committing to a short position
NAS100 DumpDouble Top Confirmed on the H4 waiting for retest of structure and possible pull backs into retracement levels to commit to a short with appropriate confirmation signals.
US30 DipDouble Top Retest on the H1+Break of trendline waiting for price to pull back into retracement levels and a confirmation signal to commit to a short.
Huge Inverse Head and Shoulders!Huge Inverse Head and Shoulder on the daily chart. I believe it will test the support zone highlighted in blue (could decrease a lot further if war is announced ) but will bounce back extremely hard to the 90k-100k range. LFG!
ICPUSDT is creating a diamond patternThe price created a falling wedge on the daily timeframe and had a nice breakout from it and from the weekly resistance (21.20$)
On the daily timeframe, the price is creating a diamond pattern after a rejection form the 22.25$
How to approach?
For a long scenario, the price needs to have a breakout from the Diamond pattern and 4h resistance and retest it as new support.
Otherwise, if the Diamond pattern is confirmed, we could see a retracement on 0.618 Fibonacci level for new liquidity and a new bullish impulse.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
