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Thomas Rogers
Thomas Rogers

Penny Oil Stocks To Buy Now \/\/FREE\\\\

Whether that scenario plays out, risk and volatility seem to be omnipresent. That has investors searching for novel ways to capitalize. That brings us to a discussion about penny oil stocks. Always risky, but particularly attractive given the macroeconomic situation.

penny oil stocks to buy now

TransGlobe Energy Corporation (NASDAQ:TGA), the first on this list of the best penny stocks to buy now, explores, develops, and produces oil and natural gas in Egypt and Canada. TransGlobe Energy Corporation was founded in 1968 and its headquarters are in Canada. The shares have gains of nearly 62% in 2022 and are up approximately 150% in the past year. There is strong momentum that can continue, even with a potential dip.

The one-year estimate target of $6.12 signals potential gains of 36%. In a year of high volatility, this upside potential is more than enough to earn it a place on the list of the best penny stocks to buy now.

The logic says that if the free cash flow trend is equally strong, we have a penny stock that deserves attention. This is indeed the case. The firm has an excellent free cash flow trend. In 2020 free cash flow grew 52.3% to $10.18 billion and in 2021 to $15.6 billion, an increase of 53.2%.

Investing or trading in penny stocks is really something for the risk-tolerant investor. And even then, penny stocks that cover the oil and gas sector add a risk premium. These oil stocks encompass companies involved in oil and gas production, mining, exploration or any other services related to the industry.

First up, Tetra makes this list of penny stocks because of its strong performance in the past 12 months. Today, the stock is up over 637% for the past one year. That said, TTI stock did sell off sharply in late June. However, investors are still sitting on a gain of over 300% year-to-date (YTD).

Last on this list of penny stocks is Gran Tierra Energy, which trades at just 67 cents at the time of this writing. It appears that GTE stock got caught up in a bit of the meme-stock action earlier this year. However, short interest has dropped considerably, which gives investors an opportunity to evaluate the stock on its own merits.

The positive side to penny stock investing is that if the idea clicks, multibagger returns are a surety. Therefore, even with aversion towards speculation, I make it a point to allocate 10% to 15% of my portfolio towards penny stocks. These are funds that I can afford to lose.

With growth stocks being battered through 2022, there seems to be lot of value in that space. The same holds true for penny stocks. This column talks about three penny stocks to buy for multibagger returns in the next 24 to 36 months.

Cannabis stocks have remained depressed as the markets wait for the federal-level legalization bill. This seems like a good opportunity to accumulate Tilray (NASDAQ:TLRY) stock. The legalization news would be enough to send the stock soaring.

Oil and Gas Stocks are critical when it comes to looking at the strength of the market. During times of bullish markets, historically, oil prices have been on the rise. Unlike other energy stocks, oil and gas stocks tend to be such a significant portion of the energy sector that they are generally considered apart from different types of energy companies. Oil production companies and oil distribution companies see their profit closely tied to the price of crude oil and because of this, it makes more sense to consider these companies on their own in this fashion.

When looking for the top performing oil stocks, investors should look at companies with a broad set of interests and goals within this massive industry. Just like biotechnology stocks and other industry governed by different bodies, oil and gas is no different. The Organization of Petroleum Exporting Countries (OPEC) is one of the things to be aware of as it can be the single most significant determining factor when it comes to the oil market. The 14 countries that make up this group can coordinate their efforts to move oil prices up or down and throughout history, being on the right side of this effort has created an opportunity to make millions of dollars.

Because OPEC and other nations pulled back on production in late 2017 and into 2018, the price of oil was more or less stable at the start of 2018. Throughout the year, oil prices jumped to a peak of nearly $87 per barrel in October 2018. Crude prices tumbled significantly at the end of 2018, sending many oil stocks falling and putting oil-producing nations in an awkward position of having to carefully control supplies, as prices continued to plunge. Some of the top oil and gas stocks felt the impact, and for investors, many of these overbought oil and gas stocks turned into the oil and gas stocks to buy this year.

Penny stocks are public companies that have a current share price of $1.00 or less. These companies are listed on major stock exchanges and have market capitalizations of under $100 million. Many investors are attracted to penny stock investments because their low share prices suggest a strong possible upside. The table below lists public companies with share prices under $1.00 that have had the highest trading volume during the most recent trading day. Learn more about penny stocks.

So, what is a penny stock? The definition has changed over the years. Originally a penny stock was a stock trading for less than $1. Some investors still believe that a stock is only a penny stock if it trades for $1 or less, but you have more choices today regarding securities considered penny stocks.

While you can find many penny stock listings on major U.S. exchanges such as the NYSE or Nasdaq, other penny stocks don't qualify for those exchanges and are listed over the counter (OTC). You can find those OTC penny stock listings at OTC Markets or on the Pink Open Market, dubbed the Pink Sheets. That nickname originated because quotes for penny stocks were once printed on pink paper.

Pink sheet companies are typically more speculative due to low liquidity and reduced regulatory oversight. Stocks listed on the OTC Markets aren't necessarily penny stocks; many large companies, such as Swiss pharmaceutical firm Roche Holding AG (OTCMKTS: RHHBY) are listed over the counter. But you'll also find many low-priced stocks among the OTC listings and invest penny stock options.

Are penny stocks worth it? However you define penny stocks, it's not tough to see why they are attractive. Penny stocks offer the potential for a high return with a relatively minimal investment. For example, say you find a stock priced at 50 cents. If you wanted to make a 50% profit, you'd only need the stock's price to reach 75 cents.

If you buy a penny stock and plan to hold it until it doubles in price, you can see a big percentage gain without a huge price gain. For example, if you buy a stock trading at 10 cents a share, it only has to rise to 20 cents to pocket a 100% profit.

Don't make the mistake of believing large caps such as Walmart Inc. (NYSE: WMT) began life as penny stocks. When looking at a stock's history, you may see split-adjusted prices that make it seem like a stock was trading under $1 at one point. In Walmart's case, it made its public debut at $16.50 in 1970.

Penny stocks frequently have a low float of shares available to the public, and especially with little-known companies, few traders are bidding for those shares. Getting a stock at the price you want is relatively easy.

In addition, they generally have a very small market capitalization, meaning their outstanding shares' value is low. These companies can offer the potential for sensational growth and increase investor risk. A small market cap means a lack of liquidity. Penny stocks are often more difficult to sell quickly, as fewer interested investors are on the other side of the trade.

Institutional-quality stocks generally have some positive aspects when it comes to their fundamentals. Many have growing revenue and earnings, or at least the potential for growth in the foreseeable future.

Penny stocks, in contrast, often fall short on those points. It's not unusual to see unprofitable penny-stock companies, and many have little or no revenue. They may not yet have a product or service available for purchase or haven't yet gotten any customers.

For instance, penny stock Curative Biotechnology (OTCMKTS: CUBT) had no revenue or earnings several quarters after going public. The company was established to develop treatments for rare diseases but had yet to bring any products to market.

Pump-and-dump occurs when a promoter pressures investors, usually gullible people or those with little knowledge about the stock market, to put money into highly speculative stocks that the promoter already owns, having bought for a much lower price. After unsuspecting investors have piled in, the promoter sells shares at a profit, leaving other buyers in the lurch as the price drops.

It's common to see these schemes promoted in penny-stock newsletters and online platforms. If you are looking for good penny stocks, always use caution and read the fine print when you discover a recommendation.

Even if a company is a legitimate enterprise and trades on a major U.S. exchange but happens to be low-priced, there's often little coverage from either Wall Street analysts or the financial and business media. If you can't find much information about stocks, they may not be appropriate penny stocks to buy now.

Penny stocks are the poster children of volatility. In general, a lower market capitalization translates to higher volatility. That's even true of small caps listed on major exchanges and whose market capitalizations hover at around the $2 billion mark.

But it's a whole different ball game for penny stocks, which can notch big price moves in either direction during a single trading day. The percentage move can be deceptive because the stocks' prices are so low.

If you're accustomed to buying and selling stocks listed on major exchanges, you may not appreciate the importance of liquidity. When you're getting in or out of a stock, you want to get the exactly price you want, especially if you're a trader. That level of price precision, within pennies, is far less important to an investor with a longer time horizon. 041b061a72


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