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Senator Cramer urges Defense Production Act funding for North Dakota oil refinery

Published . Updated .

Senator Cramer urges Defense Production Act funding for North Dakota oil refinery

United States Senator Kevin Cramer on The Flag’s What’s On Your Mind FARGO, N.D. — U.S. Sen. Kevin Cramer is pushing for federal defense dollars to support refinery construction in Western North Dakota following the Biden administration’s

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin+11.5%

    Defense contractors get more work when conflict spending rises

  • RTX RTX-0.4%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+5.3%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-1.7%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+5.9%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-6.7%

    A fund of aerospace and defense companies

  • BA Boeing-10.9%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris+2.1%

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT-9.31%-8.71%baseafter closeafter closeafter closeafter close
RTX+0.57%+0.33%baseafter closeafter closeafter closeafter close
NOC-7.45%-2.17%baseafter closeafter closeafter closeafter close
GD-2.30%-1.30%baseafter closeafter closeafter closeafter close
XOM-2.72%-2.80%baseafter closeafter closeafter closeafter close
CVX-3.75%-2.77%baseafter closeafter closeafter closeafter close
ITA+2.64%+1.68%baseafter closeafter closeafter closeafter close
BA+1.64%+2.12%baseafter closeafter closeafter closeafter close
LHX-3.97%-2.45%baseafter closeafter closeafter closeafter close
HII-1.72%-0.04%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Senator Cramer urges Defense Production Act funding for North Dakota oil refinery The Flag - AM 1100 and FM 92.3 WZFG

Source: The Flag - AM 1100 and FM 92.3 WZFG

Energy

CompanyWhenMoveStatus
BAthree days earlier+2.12%final price
BAfive days earlier+1.64%final price
CVXthree days earlier-2.77%final price
CVXfive days earlier-3.75%final price
GDthree days earlier-1.30%final price
GDfive days earlier-2.30%final price
HIIthree days earlier-0.04%final price
HIIfive days earlier-1.72%final price
ITAthree days earlier+1.68%final price
ITAfive days earlier+2.64%final price
LHXthree days earlier-2.45%final price
LHXfive days earlier-3.97%final price
LMTthree days earlier-8.71%final price
LMTfive days earlier-9.31%final price
NOCthree days earlier-2.17%final price
NOCfive days earlier-7.45%final price
RTXthree days earlier+0.33%final price
RTXfive days earlier+0.57%final price
XOMthree days earlier-2.80%final price
XOMfive days earlier-2.72%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“Senator Cramer urges Defense Production Act funding for North Dakota oil refinery” scores 12 out of 100. The score uses 1 sources.