Eon Resources Stock Jumps on Oil Hedging Announcement. Is High-Flying EONR a Buy Here?
Eon Resources (EONR) shares ripped higher on Thursday after the Houston-headquartered firm said it has expanded its hedging to cover 75% of oil production for the next 15 months — and more than 50% for late 2027. Many of these contracts were locked in at prices exceeding $70 a barrel, enabling the Permian Basin producer to secure a guaranteed financial floor for the next 24 months. More News from Barchart Eon Resources stock is now up an incredible 300% versus its year-to-date low. www.barchart.com W ...