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Why 3 Oil and Gas Stocks Popped Today

Why 3 Oil and Gas Stocks Popped Today

The oil and gas business continues to be incredibly profitable as companies focus more on churning out cash rather than growing revenue. Earnings reports that have come out in the last 24 hours have confirmed that trend. In trading on Thursday, Permian Resources (NYSE: PR) shares jumped as much as 18%, Teekay Tankers (NYSE: TNK) was up 15.2% at its peak, and TechnipFMC (NYSE: FTI) rose 15.2%.