On Friday the majority of energy stocks soared drastically up to 76.51% and as low as 0.18%. A phenomenal change came from Chesapeake Energy (NYSE: CHK): $13.00 stock just in hours turned to $24.80. One may ask “why is it happening in energy sector?” Here’s why.
As the economy slowly reopened recently, domestic airlines, logistical centers, restaurants started operating oil and gas have become demanded resources to speed up the businesses. Before the pandemic’s second wave energy companies will continue enjoying the rising demand. Therefore, mid-term focused investors may take a huge advantage in this situation.
Here the top seven NYSE-based energy stocks that rose at least 23.62%: APA, ENBL, CTRA, SM, OXY, NBR, and CHK. They will keep bouncing to recover January prices but watch out the next lockdown.