Opportunity Knocks: Buy the Dip on Permian Resources Stock?

The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen leading U.S. firms fell in real terms from the first quarter of 2023 to the first quarter of this year due to lower gas prices. The November election is also likely to play a significant role in shaping the industry's future. PR At the same time, production cuts by OPEC+ have supported increased crude oil producti ...