The energy sector has been in focus among investors for quite some time due to the prevalent situation in the global economy and in 2022, it may be a good time for investors to keep an eye on the sector. However, there are hundreds of stocks and many stocks in the sector to choose from, which is why it is necessary to narrow the list down sometimes. This article provides you a glimpse into four stocks from the energy sector which you could now consider tracking.
1 Gaensel Energy Group Inc (OTCMKTS:GEGR) – The first company to look into the energy sector at this point could Gaensel Energy Group Inc, which actually came into sharp focus among investors yesterday. The Gaensel Energy stock experienced heavy action on Monday and ended the day with gains of as much as 20% as a consequence.
There was no news about the company on Monday but last week on April 20 the company had come into focus after it announced that it had managed to acquire a majority stake in the Italian media, editorial, and marketing company Gate s r l. The company is going to operate the airline magazine and also do the same with regards to GATE, the patented mobile software app. It was a significant development for the company and one that had brought Gaensel into significant focus among investors.
Principal Solar (OTCMKTS:PSWW): stock went up nicely with a jump of 13% to $0.0280 on a high volume. The company is best known for being a strategic investor in businesses that are involved in the renewable energy sectors as well as in traditional energy sectors like oil and natural gas.
Last week on April 17, the company’s Chief Executive Officer Bryan Toussaint provided a key corporate update. He announced that the company was going to have a special meeting of the board later on in the month in which a large number of topics, including strategic initiatives, are going to be discussed. The meeting in question is going to be hosted in the city of Enid in Oklahoma later on in the month.
2 Mass Megawatts Wind Power Inc (OTCMKTS:MMMW) – The news one on the list is the Mass Megawatts Wind Power Inc stock which had been one of the major movers on Monday and had ended up with gains of 11.25%. More importantly, the trading volume in the stock had also been quite high.
While it is true that there was no specific news about the company, it may be a good time for investors to note that earlier on in the month the company had hit a major milestone by submitting a filing for a registration statement on Form 10 to the United States Securities and Exchange Commission. By way of this particular submission, the company wishes to list its stock as per the provisions of the Securities Exchange Act of 1934. It now remains to be seen if the stock can hold on to its momentum and add to its gains today.
3 Houston Natural Resources Corp (OTCMKTS:HNRC) Another energy stock that has come on to the radars of investors in a big way in recent times is the Houston Natural Resources Corp stock. Last week on April 21 the company had made an announcement with regards to its strategy by way of which it aimed to sponsor and invest in Special Purpose Acquisition Corporations. Houston Natural Resources announced that going forward it wanted to invest in one SPAC in each quarter.
In this context, it ought to be noted that during the first quarter of this year, Houston Natural Resources had been successful in listing a SPAC on the New York Stock Exchange for $86 million. At this point, Houston Natural Resources is focused on a second SPAC that is going to be focused on energy as well. It is an energy stock that could be added to their watch lists by investors for this year.
4 Extreme Biodiesel Inc (OTCMKTS:XTRM) – While it is true that the company is regarded as an energy stock, Extreme Biodiesel is primarily involved in real estate development. Earlier on in the month on April 13 the board of directors of the company provided an update with regards to its operations to the public as well as to the shareholders.
It was noted that Extreme Biodiesel started the first fiscal quarter strongly as it managed to start the development of as many as 11 homes. In addition to that, the company managed to close the sales of as many as 6 homes and also 7 new homes that had become pending under its contractual obligations.
