The energy sector has been in the middle of turmoil due to the Russian invasion of Ukraine. The main reason behind the upheaval is tied to the fact that the price of oil shot up due to the invasion and that has brought the focus on energy stocks in a big way among investors. The year could well turn out to be the year of energy stocks and hence, it may be a good idea to take a look at a few of the stocks from the sector. Here is a look at four of those that you could track in 2022.
1. Houston Natural Resources Corporation (OTCMKTS:HNRC): As the price of oil continues to rise, the bullish sentiments with regards to Houston Natural Resources Corporation have also become stronger. In recent times, the trading volume in the company’s stock has also gone up considerably and it is perhaps important for investors to note that the stock had hit a high of $2.74 a share in the past 52 weeks.
The company was actually in the news earlier on in the month on March 4 when it announced that it had decided to implement a new policy with regards to its dividends. The company noted that although it was going to reward its investors through dividend payments, it was also going to make provisions for boosting its corporate reserves.
2. Mass Megawatts Wind Power (OTCMKTS:MMMW): The next one to watch from among energy stocks is the Mass Megawatts Wind Power stock. The company had actually come into focus in a big way last week after it announced that its cash position was strong. Hence, it would be possible for Mass Megawatts to hit its milestones with regards to sales growth and eventually find a path to profitability.
In addition to that, the cash cushion is also going to allow the company to move ahead swiftly with some of its manufacturing initiatives. On the other hand, it is also expected that Mass Megawatt is going to be able to complete the sales of some of its solar trackers in small batches. The patent for the solar trackers is still pending. In light of such an announcement, it may be a good time for investors to keep track of the stock.
3. SusGlobal Energy Corp (OTCMKTS:SNRG): Next up on the list of energy stocks that could be watched by investors at this point is SusGlobal Energy Corp. The stock has been in the middle of an almighty move in recent times and yesterday it ended up with gains of as much as 74.9% amidst frenetic trading. The trading volume in the SusGlobal stock had gone up as much as threefold during the course of the day.
The company is well known for using its proprietary technology to solve new-age problems in the energy sector. There was no fresh news about the company yesterday but the sustained action in the stock was perhaps an indication of the fact that investors may be warming to the company’s prospects. It could well be a great time for investors to consider adding the stock to their watch lists.
4. Anyone who might be interested in energy stocks today could consider taking a look at the Principal Solar Inc (OTCMKTS:PSWW) stock. Perhaps the most important aspect of the company is the fact that it is significantly diversified and hence, could offer a lot of value in the long run.
The company is involved in providing support to a wide range of new-age opportunities in the energy sector. Hence, it is involved in both the clean energy and renewable energy sectors. It is also involved in the traditional energy sector and at this point in time, it is involved in acquiring as well as operating petroleum-producing properties that may be undervalued.
In this context, investors ought to keep in mind that the company also looks for strategic investment opportunities in technologies and companies which may be involved in new age opportunities in the specific niches of the energy industry in which it is involved.
5. Viking Energy Group Inc (OTCMKTS:VKIN): The skyrocketing oil prices have come as a blessing for many companies which are involved in the sector and one of those is Viking Energy Group Inc stock. It is easy to see why the stock experienced a boom. At this point in time, the company controls oil and gas assets which are valued at as much as $96 million.
The assets are spread across Mississippi, Kansas, Texas, Louisiana, and Missouri. The shares in Viking shot up last week following the spike in the price of oil. Experts believe that another reason why the stock enjoyed such a move was because of the fact that the Viking stock had been considerably undervalued by market participants in recent times.
