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Penny Stock Oil Companies

Oil is one area of investing that has garnered a lot of interest over the last few years. We are running out of petroleum sometime within the next hundred years or so and there is a larger demand for oil across the world with the emergence of China and other countries as a more industrialized nation. This to our chagrin has caused gas prices to move uncomfortably higher.

However this produces opportunities for oil companies since they can now go out and drill with the price of gas at these levels. Lower prices of oil do not make it cost effective to drill. There are a number of penny stocks in the oil industry that could take advantage of the current landscape.

Oil penny stocks have potential explosive earning potential should some of their wells produce like they hope. Below is a list of some of the Independent Oil Companies that are also penny stocks. As always do your due diligence and look for trading opportunities.

HKN, Inc. HKN
ERHC Energy Inc. ERHE.OB
Gasco Energy, Inc. GSX
Lucas Energy, Inc. LEI
FEC Resources, Inc. FECOF.OB
Royale Energy, Inc. ROYL
VAALCO Energy, Inc. EGY
Oakridge Energy, Inc. OAKR.OB
Altex Industries, Inc. ALTX.OB
PetroQuest Energy, Inc. PQ
American Oil & Gas, Inc. AEZ
Callon Petroleum Company CPE
Spindletop Oil & Gas Co. SPND.OB
Barnwell Industries, Inc. BRN
Crimson Exploration, Inc. CXPO
Double Eagle Petroleum Co. DBLE
GeoPetro Resources Company GPR
Blue Dolphin Energy Company BDCO
Delta Petroleum Corporation DPTR
Far East Energy Corporation FEEC.OB
Bayou City Exploration, Inc . BYCX.OB
Abraxas Petroleum Corporation AXAS
Aspen Exploration Corporation ASPN.OB
TransGlobe Energy Corporation TGA
Continental Energy Corporation CPPXF.OB
Magellan Petroleum Corporation MPET
Evolution Petroleum Corporation EPM
Harvest Natural Resources, Inc. HNR
FieldPoint Petroleum Corporation FPP
Basic Earth Science Systems, Inc. BSIC.OB
The Meridian Resource Corporation TMR
Endeavour International Corporation END
Empire Energy Corporation International EEGC.OB



Posted in Penny Stock Oil. Tagged with , , , .

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