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

We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Diamondback Energy, Inc. (NASDAQ:FANG) is one of the stocks discussed by Jim Cramer.

Diamondback Energy, Inc. (NASDAQ:FANG) is another oil and gas exploration and production company that Jim Cramer has recently started commenting on. The shares are up by 36% over the past year and 30% year-to-date. Like ConocoPhillips, Cramer has also recommended the stock for those who want exposure to the sector in the current environment. Specifically, the CNBC TV host believes Diamondback Energy, Inc. (NASDAQ:FANG) is for the growth-seeking investor. Most of the debate surrounding oil stocks is in the context of the Iran war and the resulting tightness in supply. In his tweet, Cramer commented on oil prices and wondered whether easing supply could make investing in these stocks difficult:

“With oil back to $96 here we go back to Conoco and Diamondback And, of course, higher yields….relentless but now there is more supply coming and it will be a much tougher slog”

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

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

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