Ever since the Russia-Ukraine conflict commenced earlier this year, the energy sector has been one of the singularly volatile sectors in the market. However, at the same time, it has also provided an opportunity for investors to ride the wave and make significant returns on their investments. Every day investor flock to the markets to discover new energy stocks to look into. This article is going to give you a closer look into four energy stocks that could be worth tracking at this point in time.
Houston Natural Resources Corporation (OTCMKTS:HNRC) – The Houston Natural Resources Corporation stock was in the middle of a rollicking rally yesterday after the company made a key new announcement. The company announced that it was going to spin off its non-energy assets into a new fully owned subsidiary named Worldwide Diversified Holdings Inc.
Moreover, Houston Natural Resources Corporation shareholders are going to pay dividends to the tune of as much as $1.75 for each share of the company that they held. The dividends are going to be paid out to all shareholders of record as on December 16, 2022. The stock ended up with gains of as much as 44.55% yesterday.
Impressively, the stock is trading above all the moving averages including 20-day, 50-day, and 200-day moving averages.
Gaensel Energy Group Inc (OTCMKTS: GEGR) – The diversified company Gaensel Energy Group Inc was in focus earlier on this week after it announced that it had completed a key acquisition. The company announced that it had picked up a 50% stake in a collection of magazines owned by Le Roy srl.
The company owns two magazines, 24News and Italia da gustare, both of which generated combined revenues in excess of 1 million Euros last year. It is an acquisition that is expected to add to the growing advertising and media arm of the diversified firm.
Mass Megawatts Inc (OTCMKTS: MMMW) – Another energy company that managed to garner attention from investors earlier this week was Mass Megawatts Inc. The company’s stock had been subjected to a short squeeze and that had sent the shares soaring.
As the share price climbed, the short sellers had to buy back their shares and close their positions. Hence, the stock price continued to rise. In this situation, it is going to be interesting to see if the Mass Megawatts stock price continues to gain momentum over the course of the week or not.
SusGlobal Energy Corp (OTCMKTS: SNRG) – Lastly, it is SusGlobal Energy Corp that may be worth looking into at this point. Last week on September 21 the company announced that its fully owned subsidiary unit SusGlobal Energy Belleville Ltd had been successful in generating its first Verified Emission Reductions and Removals. Additionally, the subsidiary also managed to sell its carbon credit as part of the Ontario based Anew™ SusGlobal Belleville Composting Offset Project.
Energy Finders Inc (OTCMKTS: EGYF) – Last but certainly not least it is the Energy Finders Inc stock that makes it to this list. It should be noted that although the company does not have any operations to speak of at this point, it is looking for an acquisition or a merger. Such a business combination may also lead to a name change.
