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Wajeeh Khan

Eon Resources Stock Jumps on Oil Hedging Announcement. Is High-Flying EONR a Buy Here?

Oil AI

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. 

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