Texas wildcatters impatient with Trump as oil prices tank [Yahoo! Finance]
Diamondback Energy, Inc. - Commmon Stock (FANG)
Last diamondback energy, inc. - commmon stock earnings: 2/18 04:01 pm
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Source: Yahoo! Finance
The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices. The market rout sparked by President Donald Trump's trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 years, it has made America the world's top crude producer, lowered energy costs and fueled a boom in petrochemicals and natural gas exports. It also contributed heavily to Trump's election campaign. And yet half of the 20 worst-performing stocks on the S&P 500 Index ( ^GSPC ) since Trump announced his tariffs April 2 are in the oil, gas and petrochemical sector, while crude prices have plunged to a four-year low. “I don't know an industry that was more supportive of Trump than the oil and gas industry,” said Kirk Edwards, a former chairman of the petroleum association who attended the tournament Monday in the West Texas city of Odessa, which lies in the
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FANG
Sec Filings
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- 12/8/25 - Form 144
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