Why Energy Companies Like Phillips 66, Centennial Resource Development, and Halliburton All Jumped Higher on July 21
Gains were spread across the energy industry today, with investors' good mood driven by multiple factors.
The oilfield service company followed oil prices higher last month.
Oil prices -- and a few other issues -- weighed on the shares of oil-field service and equipment companies last month.
Low oil prices could spook Halliburton's customers into reducing their capital expenditures in 2019.
Better-than-expected results, coupled with plans to grow the business, have investors thinking twice about this frack sand supplier.
The oil-field service giant warned that slower growth is on the horizon.
The market didn't like the trio of news stories that came out this past month, but investors need to worry about only one of those headlines.