Viper Energy Inc. is focused on the acquisition, development, and exploitation of oil and natural gas properties in the United States, primarily in the prolific Permian Basin
The company operates as a pure-play mineral and royalty interest owner, allowing it to benefit from the production of hydrocarbons without bearing the direct costs associated with exploration and drilling. Viper Energy partners with various operators to maximize the productivity of its landholdings, yielding revenue through royalties from the extraction of oil and gas, and positioning itself as a key player in the growing energy sector.
Volatility returned to Wall Street at the beginning of the year. This volatility could escalate in the coming days, as uncertainty over the economy’s health continues to grow. Given this situation, here are dividend-paying stocks to keep an eye on.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
Diamondback Energy (FANG) and Viper Energy (VNOM) have different technical signals: FANG is strongly bearish, VNOM is more bullish. FANG trades below key levels, while VNOM remains above them.
Viper Energy (NASDAQVNOM), a company that owns and acquires mineral and royalty interests in oil and natural gas properties, has released the pricing of an underwritten public offering. The offering is comprised of 10,000,000 shares of its class A common stock, offered at $42.50 per share. According to the announcement, the offering, which closed on Sept. 13, 2024, represents a 1,500,000 share upsize to the originally proposed 8,500,000 share offering.
