Energy Penny Stocks Are Exploding, Here’s 3 You Need to Know
With energy penny stocks in focus, which companies are you watching right now?
The post Energy Penny Stocks Are Exploding, Here’s 3 You Need to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
Are These Energy Penny Stocks on Your Watchlist Right Now?
Energy penny stocks are heating up today. While some big gains occur without news, there are a few reasons for the bullish sentiment around energy stocks right now. With the pandemic beginning to slow in many places around the world, demand for oil and gas is once again rising. This is the result of higher rates of travel, people returning to work, and so on.
As a result, Brent crude was up around 94 cents at the end of last week, with U.S. oil approaching $75 at the same time. All of this indicates that there is high demand, and lower than needed supply. And if we use basic economic principles, we see that this is driving the price up. Because of this, there are plenty of penny stocks that are benefitting right now.
This includes companies like Camber Energy Inc. (NYSE: CEI), which we’ve been covering for months now following its almost 400% gain since the beginning of September. Other big gainers of the day thus far include Transocean Ltd. (NYSE: RIG), pushing up by almost 8%, and NexGen Energy Ltd. (NYSE: NXE) among others. Considering the large bullish sentiment with energy penny stocks right now, let’s take a look at three that could be worth adding to your watchlist right now.
Borr Drilling Limited is a penny stock that managed to climb by almost 10% at midday on September 27th. This brings its five-day gain to over 25% which is no small feat. For those unfamiliar, Borr engages in offshore drilling contracting for the oil and gas industry. Borr actively owns, contracts, and operates jack-up rigs for operations in shallow-water areas. The company also provides related equipment and work crews for its rigs. As of December 31st, 2020, the company had 24 jack-up drilling rigs in total.
On August 30th, Borr Drilling announced its preliminary results for the second quarter of 2021. The company’s operating revenue for this period increased 13% quarter over quarter to $54.8 million. Borr’s adjusted EBITDA went up by $14.4 million quarter over quarter as well. Due to a $21.7 million decrease in income from equity method investments, Borr experienced a net loss of $59.9 million this quarter. Despite this, many investors are enthused with these mostly positive financial results.
“Based on ongoing negotiations expected to be concluded in the coming weeks, we anticipate having 17 rigs operating and generating revenue by year-end. Against a backdrop of elevated oil prices, rig demand reverting to and outpacing pre-pandemic levels, and rig supply naturally reducing, we are well-positioned to benefit from the current environment, and on the way to having all of our 23 delivered rigs working by the end of 2022.”
The CEO of Borr Drilling Limited, Patrick Schorn
Considering this exciting news, does BORR stock deserve a spot on your penny stocks watchlist?
Tellurian Inc. (NASDAQ: TELL)
Tellurian Inc. is another energy penny stock that has been making large bullish strides in the past few weeks. Today, shares of TELL stock shot up by a respectable 7% bringing its five-day and one-month gains to over 24% and 34% respectively. What’s more is that in the past six months and YTD, shares of TELL have climbed by a staggering 78% and 209% respectively. This illustrates a twelve-month gain of over 440% which is not something many other energy penny stocks can boast.
As a pure-play energy company, Tellurian holds a portfolio of natural gas production, liquefied natural gas marketing, and infrastructure assets. Its assets include an estimated 27.6 mtpa LNG export facility and associated pipeline. The company’s goal is to make value for shareholders with its profitability delivering natural gas to its customers.
On August 6th, the company closed its public offering of 35 million shares of common stock at a public offering price of $3 per share. The proceeds from the offering after deductions were $100.7 million. Last month the company announced a public offering of senior notes, however, it did withdraw this shortly after. This follows Nasdaq informing Tellurian that it would not list the bonds because of a procedural interpretation.
The Executive Chairman of the company said, “Clearly the massive retail investment market has been disruptive to the old rules guiding institutional investing, first in equities and now in bonds. Of course, we are disappointed with Nasdaq’s decision and wish it would have advised us earlier in the process.” TELL stock’s volume is much higher than average which is a result of the sizable bullish sentiment on both the company and the energy industry at large. Keeping this in mind, will TELL make your list of penny stocks to watch?
Gran Tierra Energy Inc. (NYSE: GTE)
With around 7% in gains at midday on September 27th, GTE is following suit on the list of penny stocks in the energy sector showing gains today. In the past month, shares of GTE stock have shot up by over 30% and in the past twelve months by over 200%.
Like the others on this list, Gran Tierra participates in the production of oil and natural gas. Its assets are based in Colombia and Ecuador, where it engages in both the exploration and manufacturing of fossil fuel-based energy. The most recent news from the company came on September 1st when it announced the appointment of Alison Redford to its Board of Directors.
“We are pleased to welcome Alison Redford to Gran Tierra’s Board of Directors. Alison brings a wealth of government, regulatory and international experience and will add valuable perspectives to our Board. We look forward to working with Alison and benefitting from her knowledge and expertise.”
Current Chair of the Board at GTE, Robert Hodgins
In its most recent second-quarter results, GTE posted a 14% increase in total production, with a second half of 2021 free cash flow estimate of around $120 million on the high end. With all of this exciting news in mind, does GTE deserve a spot on your penny stocks watchlist?
Are Energy Penny Stocks Worth Buying?
Finding the best energy penny stocks to buy can be challenging. With so many choices, it all comes down to what the individual company has to offer. But, with the major bullish sentiment in the energy industry right now, there is plenty to look forward to. Considering all of this, do you think that energy penny stocks are worth buying right now?
BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals.
Credit: Impact Journals
BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals.
Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”
Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Agingteam.
About Aging-US:
Agingpublishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.
Agingis indexed and archived byPubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed Central, Web of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).
Please visit our website at www.Aging-US.com and connect with us:
Mathematicians use AI to identify emerging COVID-19 variants
Scientists at The Universities of Manchester and Oxford have developed an AI framework that can identify and track new and concerning COVID-19 variants…
Scientists at The Universities of Manchester and Oxford have developed an AI framework that can identify and track new and concerning COVID-19 variants and could help with other infections in the future.
Scientists at The Universities of Manchester and Oxford have developed an AI framework that can identify and track new and concerning COVID-19 variants and could help with other infections in the future.
The framework combines dimension reduction techniques and a new explainable clustering algorithm called CLASSIX, developed by mathematicians at The University of Manchester. This enables the quick identification of groups of viral genomes that might present a risk in the future from huge volumes of data.
The study, presented this week in the journal PNAS, could support traditional methods of tracking viral evolution, such as phylogenetic analysis, which currently require extensive manual curation.
Roberto Cahuantzi, a researcher at The University of Manchester and first and corresponding author of the paper, said: “Since the emergence of COVID-19, we have seen multiple waves of new variants, heightened transmissibility, evasion of immune responses, and increased severity of illness.
“Scientists are now intensifying efforts to pinpoint these worrying new variants, such as alpha, delta and omicron, at the earliest stages of their emergence. If we can find a way to do this quickly and efficiently, it will enable us to be more proactive in our response, such as tailored vaccine development and may even enable us to eliminate the variants before they become established.”
Like many other RNA viruses, COVID-19 has a high mutation rate and short time between generations meaning it evolves extremely rapidly. This means identifying new strains that are likely to be problematic in the future requires considerable effort.
Currently, there are almost 16 million sequences available on the GISAID database (the Global Initiative on Sharing All Influenza Data), which provides access to genomic data of influenza viruses.
Mapping the evolution and history of all COVID-19 genomes from this data is currently done using extremely large amounts of computer and human time.
The described method allows automation of such tasks. The researchers processed 5.7 million high-coverage sequences in only one to two days on a standard modern laptop; this would not be possible for existing methods, putting identification of concerning pathogen strains in the hands of more researchers due to reduced resource needs.
Thomas House, Professor of Mathematical Sciences at The University of Manchester, said: “The unprecedented amount of genetic data generated during the pandemic demands improvements to our methods to analyse it thoroughly. The data is continuing to grow rapidly but without showing a benefit to curating this data, there is a risk that it will be removed or deleted.
“We know that human expert time is limited, so our approach should not replace the work of humans all together but work alongside them to enable the job to be done much quicker and free our experts for other vital developments.”
The proposed method works by breaking down genetic sequences of the COVID-19 virus into smaller “words” (called 3-mers) represented as numbers by counting them. Then, it groups similar sequences together based on their word patterns using machine learning techniques.
Stefan Güttel, Professor of Applied Mathematics at the University of Manchester, said: “The clustering algorithm CLASSIX we developed is much less computationally demanding than traditional methods and is fully explainable, meaning that it provides textual and visual explanations of the computed clusters.”
Roberto Cahuantzi added: “Our analysis serves as a proof of concept, demonstrating the potential use of machine learning methods as an alert tool for the early discovery of emerging major variants without relying on the need to generate phylogenies.
“Whilst phylogenetics remains the ‘gold standard’ for understanding the viral ancestry, these machine learning methods can accommodate several orders of magnitude more sequences than the current phylogenetic methods and at a low computational cost.”
Journal
Proceedings of the National Academy of Sciences
DOI
10.1073/pnas.2317284121
Article Title
Unsupervised identification of significant lineages of SARS-CoV-2 through scalable machine learning methods
While the size of the United States makes it hard for it to compete with the inter-city train access available in places like Japan and many European countries, Amtrak trains are a very popular transportation option in certain pockets of the country — so much so that the country’s national railway company is expanding its Northeast Corridor by more than one million seats.
Running from Boston all the way south to Washington, D.C., the route is one of the most popular as it passes through the most densely populated part of the country and serves as a commuter train for those who need to go between East Coast cities such as New York and Philadelphia for business.
Veronika Bondarenko captured this photo of New York’s Moynihan Train Hall.
Veronika Bondarenko
Amtrak launches new routes, promises travelers ‘additional travel options’
Earlier this month, Amtrak announced that it was adding four additional Northeastern routes to its schedule — two more routes between New York’s Penn Station and Union Station in Washington, D.C. on the weekend, a new early-morning weekday route between New York and Philadelphia’s William H. Gray III 30th Street Station and a weekend route between Philadelphia and Boston’s South Station.
According to Amtrak, these additions will increase Northeast Corridor’s service by 20% on the weekdays and 10% on the weekends for a total of one million additional seats when counted by how many will ride the corridor over the year.
“More people are taking the train than ever before and we’re proud to offer our customers additional travel options when they ride with us on the Northeast Regional,” Amtrak Executive Vice President and Chief Commercial Officer Eliot Hamlisch said in a statement on the new routes. “The Northeast Regional gets you where you want to go comfortably, conveniently and sustainably as you breeze past traffic on I-95 for a more enjoyable travel experience.”
Here are some of the other Amtrak changes you can expect to see
Amtrak also said that, in the 2023 financial year, the Northeast Corridor had nearly 9.2 million riders — 8% more than it had pre-pandemic and a 29% increase from 2022. The higher demand, particularly during both off-peak hours and the time when many business travelers use to get to work, is pushing Amtrak to invest into this corridor in particular.
To reach more customers, Amtrak has also made several changes to both its routes and pricing system. In the fall of 2023, it introduced a type of new “Night Owl Fare” — if traveling during very late or very early hours, one can go between cities like New York and Philadelphia or Philadelphia and Washington. D.C. for $5 to $15.
As travel on the same routes during peak hours can reach as much as $300, this was a deliberate move to reach those who have the flexibility of time and might have otherwise preferred more affordable methods of transportation such as the bus. After seeing strong uptake, Amtrak added this type of fare to more Boston routes.
The largest distances, such as the ones between Boston and New York or New York and Washington, are available at the lowest rate for $20.
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