If there is one sector that has seen considerable volatility and interest over the course of the past year then it is the energy sector. The sanctions on Russia and the overwhelming shortage in many markets had created the conditions for record profits for many energy companies. Hence, despite the volatile nature of the sector, many investors reaped the benefits. In January 2023, investors are expected to be on the lookout for the stocks that they may track at this point in time. This article is going to provide you with a look into three energy stocks that may be worth watching this month.
Houston Natural Resources Corporation (OTCMKTS:HNRC) – One of the energy companies which has made significant moves in recent times is Houston Natural Resources Corporation. It was in the news last week on January 5 when it announced a SPAC that it was sponsoring.
The company’s majority-owned subsidiary unit HNRAC Sponsors LLC sponsored a Special Purpose Acquisition Corp named HNR Acquisition Corp. HNR Acquisition agreed on a membership purchase agreement with the firm Pogo Resources and two of its affiliates for a price of $120 million. Pogo is a company that is based out of Dallas and is involved in the acquisition and development of oil and gas assets in the Permian Basin in Texas.
Gaensel Energy Group Inc (OTCMKTS:GEGR) – If you are looking for companies with diversified interests in the energy sector then you could do well to take a look into the Gaensel Energy Group Inc stock. The company has made rapid strides over the past couple of years and it is expected to continue.
Last year in November, it had been in the news after it announced that it had reached an agreement with regards to the acquisition of a 40% stake in the Italy-based innovative industrial firm TEC.AL.CO. It may be a good move for investors to keep an eye on the moves that are made by Gaensel Energy Group in the coming days.
SusGlobal Energy Corp (OTCMKTS:SNRG) – To complete the list, it is the SusGlobal Energy Corp stock that may be of interest to investors this month. The company made a major announcement last year on November 16 when it revealed that it had signed an endorsement deal with famed golfer Ernie Els. Els will be responsible for promoting the company’s premium aquaculture and organic fertilizer brand meant for the golf industry.