In recent times, there has been significant focus on energy stocks amidst the global crisis in the oil industry and much of the focus has been on renewable. It is a sector that could benefit greatly if the price of oil continues to soar to unprecedented levels amidst the political fallout.
In this situation, it could be a good idea for investors to start taking an interest in certain stocks which could be tracked closely. Here is a look at three energy stocks that you could consider adding to your watch lists.
1. Viking Energy Group Inc (OTCMKTS:VKIN): The first energy stock to look into at this point in time is that of Viking Energy Group Inc, which has seen its stock come into considerable focus among investors over the course of the past week. During that period, the stock has clocked gains of as much as 40% amidst heavy interest and it may be a good time to take a closer look.
There has been no news about the company this month so far but back on February 15 it had made an announcement with regards to a major acquisition. It was about the acquisition of a 51% stake in entities that control the intellectual property related to Electric Transmission and Distribution Open Conductor Detection Systems. At the time, it was ready for launch and fully developed. The technology helps in identifying any kind of breaks in the distribution line or the transmission line. It is a stock that you could keep your eye on today.
2. Triad Pro Innovators Inc (OTCMKTS:TPII): The next energy company stock that you could consider looking into today is that of Triad Pro Innovators in light of the sort of gains that it has managed to clock already. Over the course of the past week, the stock has got considerable traction and managed to clock gains of as much as 7%. Although there has been no news about the company in the past week, the company announced on February 23 that it had started or concluded two initiatives for the purposes of protecting shareholders. One of the steps that was announced was in relation to the undergoing of the first PCAOB audit in order to become a fully reporting company.
It could bring about far more transparency and by extension more stability for shareholders. On the other hand, the company had also announced that it had been successful in eliminating as much as $245,000 worth of toxic debt from the books. That was a step that was meant for strengthening the balance sheet.
3. Mass Megawatts Wind Power Inc (OTCMKTS:MMWW)
Last but not least it is Mass Megawatts Wind Power Inc that ought to be on your radars this week if you are looking into energy stocks. The stock emerged as a major gainer yesterday and ended up with gains of as much as 28% amidst heavy interest.
The company is involved in the development of clean energy systems at affordable prices which can help in meeting the global demand for environmentally responsible energy. The company develops the technologies which facilitate and hence, it makes Mass Megawatts Wind Power a company to watch out for at this point in time. It may now be a good move for investors to keep an eye on it.
4. Houston Natural Resources Corp (OTCMKTS:HNRC) stock was on the radars of investors on Tuesday as well and ended up with gains of as much as 28% amidst heavy interest. In this situation, it may be a good idea for investors to take a closer look at the actual announcement made on March 4.
Houston Natural Resources announced on that day that while it was looking to reward its loyal shareholders with dividends, it was also going to pay due consideration to its long-term financial health. In order to achieve that, the company was going to make higher provisions to the corporate reserves that it has at its disposal. The move has been decided with the sole purpose of making sure that Houston Natural Resources can manage to have a sound and safe investment planning system in place.
