** Shares of Diamondback Energy down 1.7% at $191.66 in early trading in larger lower oil price environment
** Citi resumes coverage with "neutral", PT $195
** "winning formula for investing in E&Ps over the long run has been to focus on companies holding the best inventory of acreage, delivering volumes at the lowest cost, and executing a sound capital deployment strategy. FANG checks all these boxes" - Citi
** "With Citi Commodities seeing risk that WTI falls in 2025 and FANG needing to de-lever post-closing of the Endeavor acquisition, we await a better entry point for FANG"
** Including session losses, FANG shares up 23.6% YTD
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com))
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