Autry Stephens Daughter Selling $2 Billion in Diamondback Shares

U.S. Vice President Mike Pence toured a Diamondback Energy oil rig in Midland, Texas on April 17, 2019 and spoke to employees about the impacts of the administration's United States-Mexico-Canada Agreement (USMCA). The visit signals political support for domestic energy producers and the administration's trade agenda but contains no new policy or company-specific financial information; therefore it is unlikely to move markets beyond minor sentiment effects for U.S. oil names.

Analysis

U.S. Vice President Mike Pence toured a Diamondback Energy oil rig in Midland, Texas on April 17, 2019 and spoke to employees about the impacts of the administration's United States-Mexico-Canada Agreement (USMCA). The visit signals political support for domestic energy producers and the administration's trade agenda but contains no new policy or company-specific financial information; therefore it is unlikely to move markets beyond minor sentiment effects for U.S. oil names.