Energy Stocks to Watch: HNRC, SNRG, AGYP, VIVK, RCON

The energy sector has been one of the most volatile sectors for much of the year and for good reason too, considering the geopolitical situation worldwide. While that has led to turbulence and volatility in many stocks, it has also presented the opportunity for investors to make a killing with the right opportunities. This article is going to provide you with a quick look into five energy stocks that may well be worth tracking.

Houston Natural Resources Corporation (OTCMKTS:HNRC) – The first company that you may consider tracking from the energy sector is Houston Natural Resources Corporation, which has come into the radars of many investors in recent days. Not too long ago, the company announced that it was going to pay out a cash dividend of as much as $1.75 a share to all shareholders on December 16, 2022.

That led to a degree of interest in the stock from investors who may be eyeing the cash dividend. On the other hand, Houston Natural Resources Corporation also performed strongly in the nine-month period ending on September 30, 2022. It generated revenues to the tune of as much as $14,207,619 and that worked out to a year-on-year rise of as much as 13%. The net earnings that were generated by the company in the same period hit $8,163,923, which worked out to a year-on-year rise of 29%.

SusGlobal Energy Corp (OTCMKTS:SNRG) – Another stock in this sector that could be on the radars of investors is that of SusGlobal Energy Corp. The company is best known at this point for its product SusGro, which is a highly innovative pathogen-free organic liquid fertilizer and has also won awards.

However, that is not all. The company is also interested in acquiring technologies of a proprietary nature from waste to energy sectors. Back in November, the company announced its financial results for the third fiscal quarter that had ended on September 30, 2022.

It may be a good move to take a look at some of the numbers. Revenues for the quarter came in at $164,376 but it reflected a year-on-year drop of as much as 20% from the prior year period. The company noted that the drop in revenues was a direct consequence of the changes in the customer base during recent times.

Allied Energy Corp (OTCMKTS:AGYP) – Another energy sector company that may be of interest is Allied Energy Corp, which is involved in the acquisition of oil and gas reserves in some of the more active hydrocarbon regions in the United States.

Allied Energy is mainly involved in the reworking and then re-completion of already existing oil and gas wells. Earlier on in the week, the company had been in the news after it announced that it had signed a Memorandum of Understanding with Enerhash USA for the purposes of developing a flare gas Bitcoin mining data center project.

Vivakor Inc (NASDAQ:VIVK) – Clean energy technology company Vivakor Inc is mainly involved in the natural resources and oil remediation sectors. In the third fiscal quarter, the company delivered a blockbuster performance as it brought in revenues of $11.8 million and clocked year-on-year growth of as much as 118%.

On the other hand, the gross profit came in at $1.2 million and the margin for the same stood at 10.3%. The net losses stood at $1.6 million and reflected a year-on-year reduction of 46%. At the end of the quarter, Vivakor recorded a cash balance of $4.4 million to go along with total assets to the tune of $94.8 million.

Recon Technology Ltd (NASDAQ:RCON) – Recon Technology has the distinction of being the first China based non-state owned oil and gas field services firm to be listed on NASDAQ.

The company was in the news earlier this week after it announced that Nanjing Recon Technology Co had been awarded a contract worth as much as RMB6.73 million by a China gas generation plant. The company is going to provide instrument maintenance services and automation control.

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