Oil prices took investors on a wild ride this week. However, despite enduring the steepest one-day drop in months, three energy stocks actually surged more than double digits this week. According to S&P Capital IQ data, Chesapeake Energy (NYSE:CHK), Clean Energy Fuels (NASDAQ:CLNE), and Legacy Reserves (NASDAQ:LGCY) were the biggest energy movers this week.
What's interesting about these three stocks is that their surges were fueled by different reasons. Chesapeake Energy's surge, for example, was more of a relief rally than driven by any real news. Meanwhile, Clean Energy Fuels and Legacy Reserves jumped on company-specific news, but one was driven by deal making, and the other simply by a business update. To learn more about the news that drove these stocks, check out the slideshow below.
Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Clean Energy Fuels. 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.