Many analysts are calling for $100 oil in the near term, OANDA’s senior analyst Craig Erlam says it may happen this quarter! Imbalance in supply and demand coupled with geopolitical turmoil have created a cocktail of price appreciation for crude. Today’s report focuses on international growth investments in the oil sector.
Continued momentum in the commodity price of oil has been global, effecting both WTI and Brent benchmarks.
Analysts like ARK’s Cathie Wood believe there is a bubble in “value” stocks; she also concludes this creates value in “growth” stocks.
One domestic to look at first is:
Allied Energy Corp. (OTCMKTS:AGYP) is one of the most promising speculative oil & gas plays in the US market has witnessed in years. At the start of 2021 they were a just another dev. stage exploration company with several leases and a dream. One short year later the company has confirmed and started extracting what will amount to potentially $2 million dollars worth of oil at just one of their many Permian Basin-based projects . With 5 other well sites closing in on production, including one that produced and sold 500+ barrels of oil to close Q4, AGYP has laid the foundation for what looks to be a monumental year for the company. Investors should start their research on AGYP today.
PetroTal Corp (TSX:TAL) stock has seen buying interest over the past few months with a jump of over 45% over the past quarter and leading the top spot in the oil & gas sector. Moreover, the stock has gained 16% so far this year. On Thursday, TAL stock was up 2% to $0.52 with more than 267K shares exchanged hands, above its average volume of 810K shares.
Jericho Energy Ventures. (TSX:JEV) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 30% over the past month. Moreover, the stock has soared 77% over the past year. The stock is trading above 90% from its 52-week low and 37% away from its 52-week high.
Emperor Energy Limited (ASX:EMP) stock continued to trend higher in Thursday’s trading session. EXTN stock ended lower by 1.67% to $0.0590 with more than 421k shares exchanged hands, above its average volume of 563K shares. The stock is trading above 110% from its 52-week low and 30% away from its 52-week high.
Hartshead Resources NL (ASX:HHR) is another stock in the energy sector which has been showing consistent rise. The stock moved down 11.54% on Thursday on higher than average volume. Moreover, the stock has fallen 42% over the past year. The stock is trading above 90% from its 52-week low and 40% away from its 52-week high.
Buru Energy Limited (ASX:BRU) stock continued to trend higher in Thursday’s trading session. EXTN stock ended lower by 4.76% to $0.20 with more than 1.48 million shares exchanged hands, above its average volume of 1.72 million shares. The stock is trading above 90% from its 52-week low and 27% away from its 52-week high.
