The energy sector has been quite volatile this year due to the Ukraine-Russia war and the volatility is still palpable. However, amidst all the chaos there has been plenty of opportunities for investors as well and those opportunities continue to exist to this day. Hence, there has been considerable focus on the sector as well.
However, it is also necessary to conduct diligent research about the different companies before making a move. This article is going to give you a glimpse into three companies that you could start tracking in the energy sector.
Houston Natural Resources Corporation (OTC:HNRC) – One of the biggest movers this week so far has been the Houston Natural Resources Corporation stock, which has managed to deliver gains to the tune of as much as 32% so far this week. It is expected to be in focus among investors this morning as well.
The company announced earlier this week that it was going to spin off all its non-energy assets into a new subsidiary unit named Worldwide Diversified Holdings Inc and then pay dividends to the shareholders. Following that the company is going to focus on acquiring oil and gas properties that could generate income, expand its network of wastewater treatment facilities and acquire more equipment for its network of 83 oil wells.
Last but not least,Houston Natural Resources Corporation is also going to work towards getting its stock uplisted to the OTCQB. Uplisting to a bigger exchange can often prove to be a major boost for companies.
Gaensel Energy Group Inc (OTC: GEGR) – The Gaensel Energy Group Inc operates as a holding company and has diverse interests across many industries. There has not been any news about the company this week so far but it should be noted that back on June 23, 2022, it made a major new announcement.
The company announced at the time that on June 22, 2022, it had been successful in completing the acquisition of a controlling stake in the firm CONSORZIO GREEN SOLUTION & GNL. It was a major development since the firm was going to be a part of the energy consortium that Gaensel Energy Group was working on.
American Manganese Inc (OTC:AMYZF) (AMY.V) – The company is planning to change its name to RecycLiCo Battery Materials Inc. The company is all set to announce the final decision at its upcoming annual general and special meeting of shareholders on July 8, 2022.
American Manganese Inc is regarded as a critical metals company that is involved in the upcycling and recycling of lithium-ion battery waste in order to turn the waste into cathode materials of high value. The company manages to do it through the RecyLiCo process.
SusGlobal Energy Corp (OTC:SNRG) – The next one that ought to be added to the watch list could be the SusGlobal Energy Corp stock considering the fact that the company made a significant announcement earlier this week. On July 6, SusGlobal Energy Corp announced that its fully owned subsidiary unit SusGlobal Energy Hamilton Ltd had received the permit for building a water processing plant from the Planning and Economic Development Department Building Division City of Hamilton.
It was a major new development for the company as the facility is going to be responsible for turning organic waste into fertilisers. It is going to be interesting to see if the stock manages to come on to the radars of investors in the coming days or not.
Mass Megawatts Wind Power Inc (OTC:MMMW) – There renewable energy company Mass Megawatts Wind Power Inc is in the news this morning after it emerged that it had joined the Corridor 9/495 Chamber of Commerce.
It was noted that it joined the institution as it tries to further grow its sales opportunities and that is expected to be something that is going to be provided by the Chamber. It remains to be seen if the stock makes a move this morning.