HPK - HighPeak Energy up as much as 20% after hours on a Cramer pitch

HighPeak Energy (HPK) traded up as much as 20% after hours Tuesday, after CNCB's Mad Money host Jim Cramer dedicated a short segment to the stock. The host flagged HighPeak's (HPK) relatively strong margin profile, the company's position in the Permian, and the ability for the company to grow without sinking the oil (USO) market. All of Mr. Cramer's points being relatively well known, it's perhaps surprising to see the stock up so much ahead of the open Wednesday; even Cramer appears surprised:  Cramer has become a bit of an oil bull of late, but watching small-cap, SPAC oil stocks pitched on prime-time television is perhaps a sign that the sector is coming back into favor.

For further details see:

HighPeak Energy up as much as 20% after hours on a Cramer pitch