Want to Bet on Oil Companies? It's All About the ZIP Code

Want to Bet on Oil Companies? It's All About the ZIP Code
Diamondback Energy Inc. FANG -0.35 % 's bonds trade at a premium to their issue price, yet debt sold by Approach Resources Inc., AREX 9.33 % which drills one county south of Diamondback, trades at a big discount to face value. Varied fortunes such as …
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