The former Minister of Energy Company deviates after the escalation of the Trump tariff

Freedom Energy The stocks lost about a third of their value in just two days, as the oil field services company founded by President Donald Trump, Chris Wright, was subjected to a large sale pressure.

The stock decreased by 30 % since the closure of Wednesday and the last trading was 13.8 % lower as of 11:00 am. The sharp decline is one of the most sharp declines among US energy service stocks in recent months.

This comes at a time when the price of the American raw standard decreased to nearly $ 60 a barrel on Friday – the lowest level since 2021 The lowest new level for 52 weeks.

“The American rock correction, which was very big supporters and had a close relationship with Trump, will not be happy with this,” Saul Cavon, head of Energy Research at Mst Marquee, told CNBC’s Dan Murphy on Friday.

Cavone also said that WTI prices have decreased less than $ 60 a barrel can start to threaten the growth growth.

He said: “If you start seeing more downward pressure here … You will press people in Texas, Louisiana and other places to pull the excavators and not a lot of drilling.”

Wright, US Energy Minister, founded Liberty Energy, however Stay away from the company After entering the general office. Although he is no longer involved in daily operations, Liberty is still closely related to the oil rock boom that helped Wright in the pioneer during his career as a pioneer executive in the field of energy.

Talk to CNBC in MarchWright said that the Americans could look forward to low oil prices under Trump’s presidency, which promised to unleash the drilling of US energy.

“More supplies will come, and this is what prompted oil, gasoline and household fuel prices, everything in all fields, and this is the victory for the American people,” Wright said.

Global energy stocks were at the intersection of the tariff arrangement that stimulates chaos in Trump, with fears of A comprehensive trade war It can suffocate global growth and energy demand.

The OPEC+ decision to accelerate the high oil production on Thursday took more downward pressure on prices – providing an unwanted situation in particular for American rock producers who face some of The highest production costs in the world. Historically, rock companies have faced financial surveying in periods of low oil prices.

Arrows in the leadership of oil producers in the United States, including Conocophillips More than 10 % fell on Thursday, while Exxonand Chevron and West It closed more than 6 %.

Liberty Energy’s The stock price jumped in November On the news of the appointment of Wright as an energy minister, she closed 5 % higher on the day of advertising. The market value at that time was $ 2.7 billion. The market value is now $ 2.1 billion, according to LSEG data.

The CEO of Denver, Ron Guzik, is scheduled to issue financial results in the first quarter on April 16.