Eon Resources shares rise after oil hedge announcement. Is high-flying EONR a buy here?
Shares of Eon Resources (EONR) rose on Thursday after the Houston-based company said it had expanded its coverage to cover 75% of oil production over the next 15 months, and more than 50% by the end of 2027. Many of these contracts were closed at prices above $70 per barrel, allowing the Permian Basin producer…