Bruce Jefferson
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Bruce Jefferson in Commodities,

Viper Energy In A Good Position To Benefit From Higher Oil Prices

Viper Energy Partners LP  is poised to benefit from higher oil prices as it would boost its margins, according to a note from Wunderlich which maintained its Buy rating and $20 price target.

Viper Energy reported solid third quarter production and more growth expected through 2017.The company’s production grew 16 percent sequentially to 6,255 boe/day.

“We believe VNOM is in a good position to take advantage of these increases as its margins widen further with positive oil prices, cash flows move higher and cause VNOM's distributions to move up nicely,” analyst Jason Wangler wrote in a note.