Anti-fracking ballot failures are boosting stock prices of some energy firms, CNBC reports:
"Energy stocks with exposure to Colorado's oil and natural gas extraction business are rallying Monday after word two anti-fracking measures failed to qualify for the ballot.
"Synergy Resources gained nearly 4 percent on the day, while Bill Barrett Corp. rose more than 4 percent. Also, PDC Energy and Noble Energy climbed 2 percent and about 1.8 percent respectively.
"In a release issued Monday, the Colorado Secretary of State Wayne Williams announced initiatives 75 and 78 'aimed at adding more limitations on oil and natural gas drilling in Colorado failed to make the November ballot because supporters didn't collect enough valid voter signatures.'"
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