Is PrimeEnergy Still Worth Buying After Surging 82% in 6 Months?
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PrimeEnergy (PNRG) has seen an 82% surge in its stock price over the past six months, driven by its focus on horizontal drilling in West Texas. This strategy boosts production rates and accelerates returns, aligning with industry trends to enhance resource recovery.
January 23, 2025 | 5:45 pm
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PrimeEnergy's stock has surged 82% in six months due to its focus on horizontal drilling in West Texas, which boosts production rates and accelerates returns.
The significant stock price increase is attributed to PrimeEnergy's strategic focus on horizontal drilling, which is a key industry trend. This enhances production and returns, making the stock attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100