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What are oil penny stocks?

Oil penny stocks are stocks of small companies, which deal in the oil and gas industry. These stocks offer short-, medium- and long-term investment opportunities. As a trader, you can enjoy the flexibility and make money from penny stocks. You can maximize your premiums by trading in stocks, which have low share prices and high upside potential.

What are the top oil and gas penny stocks?

Top oil and gas penny stocks for the second quarter include Athabasca Oil Corp., China Petroleum & Chemical Corp., and Africa Oil Corp., which have climbed by as much as 54% while the broader industry and market have slumped.

Are oil and gas penny stocks a good investment?

Oil and gas penny stocks, typically trading below $5 per share, could benefit from consistent demand. Oil and gas penny stocks are generally represented by an exchange-traded fund —the Invesco S&P SmallCap Energy ETF ( PSCE )—though, the fund also includes microcap and small-cap stocks that are not considered penny stocks.

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