Why SM Energy Stock Jumped 14% Today, With Centennial, Range Resources, and Callon Tagging Along for the Ride

Callon Petroleum (NYSE:CPE) which both hit high-water marks of 12.5%, and
Centennial Resource Development (NASDAQ:CDEV), with a peak gain just shy of 12%. By about 11:30 a.m. EDT today, Centennial's gain had been trimmed to roughly 8%, with Range and Callon both sitting with about 10% advances. All of the excitement here really boils down to the basics: energy prices.
So what
One of the most notable impacts of the economic shutdowns to slow the spread of the coronavirus last year was the reduction in demand for oil and natural gas. That makes sense, given that people were stuck at home and businesses were not operating normally.

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