Though oil has dipped back from its recent peak around $115,
there's is little doubt that expensive energy is the way of the
world. Despite crude oil prices being significantly lower than
2008 peak levels around $140, gasoline is hovering around $4 a
gallon in most areas and the summer weather is driving up home
utility bills as the A/C units go online.
What's more, the prospect of broader inflationary trends means
that expensive oil is here to stay - and investors should prepare
their portfolios now to capitalize on this trend. And here are
five penny stocks in the energy sector to do exactly that.
A quick note: The names on our penny stocks list might not be
what you would consider "true penny stocks." But micro-cap pink
sheet or OTC stocks that cost only a few cents per share are too
risky for most investors. In fact, many brokerage accounts don't
even allow you to trade pink sheets, or if they do you wind up
paying a steep premium just for buying shares. Our stocks are a
little bigger and, therefore, a little safer. But they still have
the ability to deliver spectacular gains.
Here are my top 5 penny stock energy investments to buy
Uranium Resources Inc:
Uranium exploration, mine development and production company,
) has watched its stock skyrocket 279% in the last 12 months.
Having cooled off as of late in the wake of the Japan nuclear
plant disaster, my analysis shows that now may be a good time to
enter this stock on a dip.
Development-stage junior mining company
) has also posted strong gains in the last year, up 76%.
Ur-Energy makes its money in uranium mineral properties in Canada
and the United States. This week, Zacks.com rates URG as one of
five mining penny stocks with the most upside potential.
Samson Oil & Gas Ltd:
Oil and natural gas explorer and developer
Samson Oil & Gas Ltd.
) posted an incredible net profit margin of 1,397% last quarter!
To go along with it, SSN stock has jumped 395% in the last 12
months. Buy this penny stock under $3.
Denison Mines Corp:
Another uranium mining company making the list is
Denison Mines Corp.
) up 72% since last June. A quarterly revenue growth of 22%,
year-over-year, in its last income statement is another reason to
buy at current valuations of just over $2.
Synthesis Energy Systems:
Last on the list is development stage company
Synthesis Energy Systems
), a firm that focuses on clean coal and biomass energy
production. Having gained 130% in the last six months, SYMX also
posted a quarterly revenue growth of 20% in its last income
As of this writing, Louis Navellier did not own a position
in any of the stocks named here.