Biggest question might be what happens next. You've got OPEC+ seemingly at bay (for now) and even with markets selling off, QEP and other energy stocks are surging.
Something else to consider with QEP is the company’s pending merger deal with Diamondback Energy Inc . The plan is for QEP to get acquired in an all-stock transaction. The expectation on the timing of this deal is late in the first quarter of this year. Considering we’re in the final days of the final month of the quarter, that could also become a source of speculation if it hasn’t already.
Quote Source: Are Penny Stocks Worth It? These 4 Surged As Markets Sold Off