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Why California Resources Is Rising Strongly in 2018

Nicholas Chapman
Why California Resources Is Rising Strongly in 2018

In 2018, California Resources (CRC) is turning out to be the second-best performing energy stock from the oil and gas production—or upstream—sector in the US. California Resources is primarily a crude oil and natural gas producer with operations exclusively in California. So far in 2018, CRC has increased by ~96% from its 2017 close of $19.44 to $38.14.