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 |
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.