Small-Cap Energy Stocks Surge. EON Resources up 65%; Trio Petroleum up 36%; US Energy up 20%

Tiger Newspress

01-21

Small-cap energy stocks surged Tuesday on the heels of President Donald Trump's repeat of the slogan "Drill baby drill," in his inauguration speech.

EON Resources up 64.7%; Trio Petroleum up 35.67%; US Energy up 19.8%; Barnwell up 13.6%.

Trump sparked buying in energy stocks after declaring a national energy emergency to speed oil and gas permitting.

He also ordered the withdrawal from the Paris Agreement, which is an international alliance to combat climate change.

"We will drill, baby, drill," Trump said,. "We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world."

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