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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.
NASDAQ:FANG
by DEXWireNews
TSLA is 2nd most oversold everThere was a plethora of PUT SELLING on NASDAQ:TSLA yesterday and the sellers must not be happy today. OUCH Most of the contracts were at least 6 months plus so they have time unless #Tesla stock gets put to them. Weekly shows selling for last few weeks & the downtrend stopping all advances. (not shown here, pls see profile for more info) Daily, it's @ 2nd most oversold & the 1st was last year. It was not the norm until last year for Tesla to get this oversold.
NASDAQ:TSLA
by ROYAL_OAK_INC
FANG approaching resistanceDiamondback Energy Inc. (FANG) presently testing channel resistance, able to contain weekly buying pressures. From here, (FANG) can fall to recent support, eliciting losses of 15% over the following 1 - 2 months. A settlement below this key support would ignite further losses where (FANG) can fall 20 - 30% over the following 2 - 3 months. Inversely, a weekly settlement above channel resistance would put (FANG) into a buy signal where gains of 30% can be expected over the next 3 - 5 months.
NASDAQ:FANG
by SpecialeAnalysis
BULZ- a 3X leveraged FANG ETF High Tight Bull FlagBULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish continuation. The tight consolidation channel formed today at the POC line of the volume profile. The zero-lag MACD shows the lines under the histogram and about to cross. The histogram itself has dropped to a zero amplitude. The trigger for the bullish continuation is price rises out of the regression channel and above the POC line. BULZ is a triple leveraged ETF holding the FANG stocks including META, GOOG, AAPL, NVDA and all the others. BULZ could spend another day consolidated and then run the remainder of the week. The 17% run thus far could be repeated in the days to come mightful however of the leveraging. I see this pullback as a great entry into a stock pattern that typically results in a resurgence of bullish momentum. I have pasted onto the chart a little bit of a description of the high tight bull flag patterns and their utility in trading when found.
AMEX:BULZLong
by AwesomeAvani
Tipple Top or Dead Cat BounceWe're taking a look at Apple here. This ticker has been known as a quality stock that investors flock when other tech stocks take a hit. MACD is playing right there in the middle and this could go either way. Money Flow Index is showing that there could be more up to go. Markets have been rocked by the recent banking crisis that is still not over. We're now learning of First Republic continually collapsing, even with backstops and liquidity pledges from big banks. Perhaps this crisis isn't over yet, and with bets of a 25 basis point hike Wednesday, this could snowball into a bigger crisis, but it's one to watch. Central banks are doing all they can to keep this bubble alive, but with declining economies, it's now a matter of time. Manufacturing, retail, housing, autos, are all down, and continuing downward. Joblessness claims continue upward. Layoffs are increasing. You know how it goes... thoughts?
NASDAQ:AAPL
by WorldEconomics
Major Reversal Symbol Flashing for $DXYThe "TBO" indicator was created to show the strength of the trend as well as show breakout and reversal signs. The U.S. Dollar Index (DXY) has been an important metric for gauging the sentiment of TradFi markets (SPX, DJI, FANG, XAUUSD) as well as crypto markets (BTC, ETH, TOTAL), which means that all TradFi and crypto traders should be paying attention to this chart for two reasons: If DXY is bullish, TradFi and crypto markets tend to trend bearish If DXY is bearish or consolidating (moving sideways), TradFi and crypto markets tend to trend bullish and are more susceptible to bullish breakouts (like we've seen market-wide since November 2022) So going back to the "TBO" indicator and its importance in showing DXY's sentiment, when looking at the current day (February 17th) we can clearly see several "TBO" Close Short symbols (the orange diamonds below the candles). These symbols tell us that the trend could be reversing soon, and that we should consider taking some profits out of our short position. With this information in mind, and judging by past performance of the "TBO" Close Short symbols indicating upside reversals, we will be paying even more attention to three of these such symbols printed in a "cluster," indicating a stronger possibility for DXY to move to the upside, thus resulting in bearish sentiment for TradFi and crypto. There is no way of knowing how long a supposed upside reversal will last according to the TBO, so caution must be exercised moving forward. *Note: the "TBO" indicator is written with quotation marks because there is an existing ticker for TBO, which is not related to the Trending Break-out indicator. To prevent hyperlinks from showing every time we type TBO, we have added quotation marks.
TVC:DXYShort
by thebettertraders
GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit. The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
NASDAQ:GOOGShort
by TheProfligate
1
Bear Markets are Tough, If in Doubt Zoom Out!Looks like there is a little more upside after todays bullish close. Then the inevitable will happen... Eventually lol! This market is very frustrating at times but when I'm in doubt, I remind myself to zoom out! Looks like we have been trading in this falling wedge since right after the end of March relief rally when we tried to reclaim the 200 SMA. My thesis is that we have not traded narrowly enough in this wedge for a real break out to occur. We had a very similar bear market rally starting at my 1st finger I have charted, 24th of May. During that rally we pushed up about 12% or 1400 points, 12% up from last Thursdays low would get us up to the top of my second lower high circled. I am waiting for a rejection around this last move up to the 13,700 range I have circled before I open up a bigger short position on QQQ, by then we should be overbought and trading around 300-310 range. If this plays out I will take profit at the bottom of this wedge and keep some protective puts in my back pocket as I attempt to catch a falling knife cost averaging in to potentially catch a BIG rally into the GOOGLE split! Feel free to give me your feedback, I am very new at charting and appreciate constructive criticism. Good luck and safe trading to you all! -Jake T NASDAQ:QQQ NASDAQ:NDX
NASDAQ:NDXShort
by jacobdtaylorddag
1
AMZN - The Jungle Ugly in the extreme. EPS missed the mark and the punishment is extraordinary after the Q4 Short Squeeze - we're seeing price well below 3400... used to SELL SELL SELL. Ouch, effing ouch. Depression, yes, Rexcession entry? crazy talk by design. It's a Depression and has been for some time. Consumption, Savings Real Incomes... yeah screwed beyond. Retracement? Hmmm... Good Luck. Only the FED can save this overpriced Paper. ___________________________________________________ #x Sub Sales Multi, good luck, 20% growth is gone for a LONG LONG time. EL/LA Tiempo reveals Rivian's gains are captured 2021 Q4. $8 Billion write down... some gains. Ouch. Expense Side - Ouch. Net Sales North America - Ouch. The decline in Internation Sales... Only $# Billion from a marginally profitable Business at best. Ouch again. Losing Money, AWS still the story, it's ain't expanding. For now, they have a Plenty O' Cash... for now. CASH FLOW Neggy ... again Ouch.
NASDAQ:AMZN
by HK_L61
2
AAPL - Apple Bury vs. Buffet (Warrens largest Holding)iMob losing its collective hive mind at present... No iCar, Factories in China and India Shut-In. Share Buybacks authorized to $90 Billion, the entire Cash Flow of Apple. Oh My, - promises in the Dark. ____________________________________________ The chart looks terrible. ____________________________________________ Buffet bag holding. Bury hunting Cultists. 206K shares Held, $36M Notional (PUT) Value, 17.86% of Portfolio. MB takes a swing, why? Simple, Apple is a mature company that is not innovating, investing in CAPEX... Supply chains are not going to absolve. Asymmetric postioning has served him very well. ARKK ( winner ) TSLA ( loser ) APPL ( winner at present ) @ 24x EPS remains bloated YOY performance was a warning of 4 to $8 Billion with impacts on Chinese demand and Foreign Business, with Gross Margin comoressing. Yeah, looks good for Dr, Bury not so hotso for the BRKA All you can eat.
NASDAQ:AAPL
by HK_L61
3
Netflix 171% move coming but first...some thoughts. Netflix pulled a squid games, (look up squid games crypto if you're lost) but honestly Netflix shit the bed. But now the beds being cleaned and you can start accumulating in this area $190 - $217 to sell in the mid $500's. Reasoning: Gap fill at $198 and lots stop losses hit me thinks <$200 and then run up to the top of the Ichimoku cloud on the daily which coincides with ~540. I'm setting a tight stop just in case of future Ackman scares.
NASDAQ:NFLX
by InvestingIdeas9
3