Viper Energy added to US Conviction List at Goldman Sachs

Goldman Sachs analysts added Viper Energy (VNOM) to the firm’s US Conviction List as part of its monthly update. The firm believes the company’s “unique” no capex business model, plus the potential for organic and inorganic growth driven by a “best-in-class” parent company, Diamondback (FANG), is a compelling way to get exposure to the Permian Basin. Goldman has a Buy rating on Viper with a $72 price target