The stock of Diamondback Energy breaks out as a "pure-play" oil producer towards all-time highs!

In light of the skyrocketing oil prices, Diamondback Energy remains an interesting company. It is a "pure-play" producer focused on the highly productive Permian Basin in Texas. The company is among the oil producers with the lowest production costs in the industry. The current war in Iran is having a very positive effect on the company's business. Diamondback Energy is a purely U.S. producer. All of its production facilities, pipelines, and infrastructure are located in the Permian Basin in Texas. Unlike multinational oil corporations, Diamondback...