Jim Cramer Returns To Diamondback Energy (FANG) As Oil Prices Touch $96

Diamondback Energy, Inc. (NASDAQ:FANG) is different lipid and state exploration and accumulation institution that Jim Cramer has precocious started commenting on. The shares are up by 36% implicit the past twelvemonth and 30% year-to-date. Like ConocoPhillips, Cramer has besides recommended the banal for those who privation vulnerability to the assemblage successful the existent environment. Specifically, the CNBC TV big believes Diamondback Energy, Inc. (NASDAQ:FANG) is for the growth-seeking investor. Most of the statement surrounding lipid stocks is successful the discourse of the Iran warfare and the resulting tightness successful supply. In his tweet, Cramer commented connected lipid prices and wondered whether easing proviso could marque investing successful these stocks difficult:

"With lipid backmost to $96 present we spell backmost to Conoco and Diamondback And, of course, higher yields….relentless but present determination is much proviso coming and it volition beryllium a overmuch tougher slog"

Here are his earlier remarks astir Diamondback Energy, Inc. (NASDAQ:FANG):

"Look if you person to bargain the lipid stocks, it's Conoco [inaudible] Oxy's second. If you privation growth, you inactive bash Diamond. And if you privation earthy gas, [inaudible] Devon. And I similar earthy state a lot. I deliberation that EQT is truly [inaudible]. EQT is truly bully due to the fact that it is the information halfway earthy gas. And we privation thing information center."

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