Actionable news
All posts from Actionable news
Actionable news in CHK: CHESAPEAKE ENERGY Corp,

OPEC just burned short sellers and injected life into US fracking stocks

Some of the riskiest energy stocks — indebted producers of costly oil from shale rock — surged Wednesday after oil jumped 9 percent on news of an OPEC production cut.

The move by the global crude cartel gave a new lease on life to the U.S. shale firms by prompting higher prices and opening the door for frackers to reclaim market share.

Shares of Whiting...