Approach Resources Shares Popped: What You Need to Know (AREX)

Approach Resources Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil explorer Approach Resources (Nasdaq: AREX ) jumped 10% in trading today.

So what: Look no further than a massive spike in the price of oil for the driver of Approach Resources’ shares today. Oil is trading 4.8% higher today as investors bet that a little more certainty in Europe will help drive global demand.

Now what: Surprisingly there aren’t a lot of oil and gas stocks jumping higher despite the popping price of oil today. Earlier this month, on a day when oil only rose 2.8%, stocks were popping left and right, but today Approach Resources is a lone wolf.

I don’t see a big reason to change your investment thesis today. The rise in oil’s price was inevitable and we’re likely headed back to $100 before you know it.

Interested in more info on Approach Resources? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.