It is generally expected that Trump will favor policies that would benefit American oil companies. Non-renewable energy stocks, which provide services to the oil and energy industry, performed well after his victory.
EQT (EQT), a natural gas producer that engages in hydrocarbon exploration and pipeline transport, has surged since Trump’s win. Currently, EQT (EQT) stock is trading at $44, reflecting a 44% gain over the past week and a 13% rise year-to-date.
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