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0 0 0.000827814569536406 0.00163907284768198 0 0 0.00662251655629125 0.00496688741721844
Stock impact report

Borr Drilling, Comstock Resources, Green Plains, Core Natural Resources, and Clean Energy Fuels Stocks Trade Up, What You Need To Know [Yahoo! Finance]

Borr Drilling Limited Common Shares (BORR) 
Company Research Source: Yahoo! Finance
Oil prices continued their ascent even as President Trump extended a deadline for Iran to reopen the Strait of Hormuz by ten days, a critical chokepoint for global oil trade. The President had previously threatened military action if the vital shipping lane remained closed. While Trump suggested talks were progressing, Iranian officials reportedly maintained they are not negotiating. The ongoing uncertainty and risk to the global oil supply pushed crude prices higher, boosting the outlook for oil and gas producers despite the broader stock market falling on the news. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Oilfield Services company Borr Drilling (NYSE:BORR) jumped 3.6%. Is now the time to buy Borr Drilling? Access our full analysis report here, it's free. Upstream Natural Gas E&P company Comstock Resources (NYSE:CRK) jumped 3.9%. Is now the time to buy Show less Read more
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