Trump energy secretary’s former company crushed by sell-off after Trump tariff escalation. Liberty Energy shares tumbled over 30% in just two days, as the oilfield services company founded by Chris Wright comes under heavy selling pressure. “The U.S. shale patch are not going to be happy with this.”

18 comments

1. [deleted]

2. Wright “stepped away from the company” but not the stock, owning over 2million shares.

   https://www.gurufocus.com/insider/120394/christopher-a-wright

3. Liberty is a well managed company in oilfield services, but I was deterred from investing last year by the fact that two whole pages of their investor powerpoint presentation were devoted to climate science denial.

   Even in the world of oil & gas public companies, this is highly unusual.

4. [ Removed by Reddit ]

5. Thoughts and prayers.

6. Ironically, Harris would have been better for business for oil companies.

7. I used to work in downstream, the price of a barrel right now is going to mothball equipment, suspend non-critical capital projects and lead to layoffs. Oil and gas cannot be happy about any of this.

8. More, more, more 😅😅😅

9. Everyone is a mark to Don the Con.

10. Good. Glad they are losing 💰 They voted for the moron in chief and that shit splattered back on them. Hate has a way of coming back to you.

11. To be fair, there’s a lot of companies that people have left that those people wouldn’t mind seeing crushed. 

12. Wahhhh..

13. They are idiot. Trump is going to crush domestic oil production. The Saudis have increased production soon we will have $50 barrel oil, no domestic oil, industry and a whole bunch of unemployed oil industry folks blaming Biden because they’re too stupid and stubborn to blame Trump

14. I give trump 7 to max 10 days.

    If he doesn’t recall tariffs by then, he will be taken out.

15. A good start! I hope it turns out to be just the tip of oil losses and all their personal assets are back by shares.

16. Donald selling EVs on the White House lawn and completely disrupting the oil companies. Is he the “dEeP sTAte” now?

17. Oh, they thought associating with Trump would be positive. They deserve to go bankrupt.

18. 30% *so far*

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