The energy sector has been an ongoing theme for investors for quite a while and it is not a surprise considering the soaring energy prices for a considerable period of time owing to the geopolitical situation in the world. Now many investors may think that the major opportunities in the sector may no longer be available but that may not be the case. There may still be certain undervalued opportunities in the energy sector this year and this article is going to provide you with a glimpse of those. Here is a look at three stocks that fit the bill.
Solar Integrated Roofing Corp (OTCMKTS:SIRC) – Yesterday the Solar Integrated Roofing Corp stock emerged as one of the major movers in the market and ended up with gains of as much as 26.90% amidst heavy interest. The company, which is known for offering single-source solar power, electric vehicle charging, and roofing solutions, was in the news earlier this week.
On February 1 it announced that it had managed to get a drawdown term note to the tune of $25 million from an institutional investor. The note comes with a principal amount of $25 million and would also carry an interest rate of 6%. It should be noted though that Solar Integrated Roofing Corp also got an original issue discount of 5%.
Houston Natural Resources Corp (OTCMKTS:HNRC) – The oil and gas firm Houston Natural Resources Corp could well be an undervalued opportunity for investors in 2023.
The company has accomplished a lot in recent months and one of those was to spin off its non-energy assets into a fully owned subsidiary unit Worldwide Diversified Holdings Inc. The company’s shareholders were awarded dividends in the new company as well. Additionally, the company also acquired a 9.9% interest in Cunningham Energy LLC and also bagged an option to acquire a 100% stake by March 31 this year
Gaensel Energy Group Inc (OTCMKTS:GEGR) – Yesterday the diversified company Gaensel Energy Group Inc saw its stock soar by 11.76% and also clocked fourfold its average daily trading volume
Last year on November 30, the company had been in the news cycle after it announced that it had managed to pick up a 40% stake in the innovative industrial company name TEC AL CO based out of Italy. The company has been working on acquisitions for the past couple of years to grow its business.