Oil and gas prices are at 3 year highs and investors are looking for ways to take advantage. Here are 5 stocks every investor should have on their watchlist.
Seadrill Ltd (OTCMKTS:SDRLF) stock had a roller coaster ride between June and July. The stock has was hovering around 25 cents earlier this year for the first 6-month. However, the stock had a sudden big move by the end of June and the SDRLF stock soared all the way from 25 cents to hit a new 52-week high of $1.40 by mid of July. That’s an 450% jump in a matter of 3-week. The stock could not sustain its gain and pulled back to its previous price of 25 cents in the next 2 weeks. Since then, the stock has been trending lower and now hovering around 22 cents.
Reconnaissance Energy (Africa) Ltd (OTCMKTS:RECAF) is one of the most popular low value stocks so far this year. The stock has been gaining momentum since the beginning of the year with a jump of 208%. Moreover, the stock has skyrocketed 570% over the past year. ReconAfrica CEO Scot Evans was hosted at a Goldman Sachs event this month, suggesting the company was in talks with potential partners. Someone leaked a recording of the talk. ReconAfrica is “quite actively” looking at ways to graduate to a more senior exchange, he said. He declined to give specifics about which exchange it might be considering.
Petrogress Inc (OTCMKTS:PGAS) stock has more than doubled so far this year and made a new 52-week high of $0.32 earlier this year. Earlier this year, the company announced that its wholly owned subsidiary, Petronav Carriers LLC. on February 10th 2021, entered into partnership agreement (PSA) with B&CREW Anchor Investment Nig Ltd.
Borr Drilling Ltd (NYSE:BORR) stock has been trending higher in the past week with a jump of over 10%. Moreover, the stock has soared 55% in the past year. Earlier this month, the company had secured a Letter of Award (“LOA”) for the premium jack-up drilling rig “Mist” from an undisclosed operator in Southeast Asia.
Allied Energy Corp. (OTCMKTS:AGYP) deserve a look from oil and gas investors as they have struck oil on their leased well sites located in Texas. Global energy prices are at 3 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit.
