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Top Oil Penny Stocks To Watch Now

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Written by Timothy Sykes
Updated 3/11/2022 6 min read

Oil prices are especially high right now because of Russia’s invasion of Ukraine. Here’s a recent headline

Source: BBC

And it seems they’re not coming down any time soon. Here’s more news to that point…

Source: U.S. News

While a lot of people are spending tons of money on gas, some traders are making money. They found a trend and are squeezing cash out of it.

Since gas prices are up, oil stocks are spiking. And the biggest movers are usually penny stocks.

Check out Enservco Corporation (AMEX: ENSV), a +290% runner in less than 24 hours…

If you haven’t started trading these volatile spikers, it’s about time to start paying attention.

You’re a little late to the game, but I think there will be follow-up moves. You must know the right stocks to watch.

Lucky for you, I’ve been in this industry for more than two decades. I’ve seen hot sectors come and go, and I know how to plan for them.

So when oil and gas stocks started popping off, I was ready. Many of my students were too, especially those who get my weekly watchlist.

It’s no cost  — so do yourself a favor and sign up now.

Profiting from day trading all starts with watching the right tickers.

If you want to bank during this hot sector, keep an eye on these stocks…

10 Hot Oil Penny Stocks to Watch Now

jack kellogg and sykes in italy
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I trade both listed and OTC stocks. And yes, there’s a big difference. Here’s a post that goes into more detail.

The main thing you have to understand is that some brokers won’t let you trade OTCs.

That’s for good reason. OTCs are often sketchy companies and volatile.

But for day traders like me, volatility is a good thing. It means a higher potential for profits.

So I’ll share my list with you, but keep reading to find out how I trade the OTCs …

#1: Enservco Corporation (AMEX: ENSV)

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#2: Borr Drilling Limited (NYSE: BORR)

#3: Camber Energy Inc. (AMEX: CEI)

#4: Gran Tierra Energy Inc. (AMEX: GTE)

#5: Ion Geophysical Corporation (NYSE: IO)

#6: Nine Energy Service Inc. (NYSE: NINE)

#7: Pedevco Corp. (AMEX: PED)

#8: Petroteq Energy Inc (OTCPK: PQEFF)

#9: Evolve Transition Infrastructure LP (AMEX: SNMP)

#10: U.S. Well Services Inc. (NASDAQ: USWS)

How to Trade Oil Penny Stocks

Here’s something you need to understand: I might not trade any of the tickers on my watchlist.

I’m a day trader. My ‘bread and butter’ is getting in and out quickly for a profit when I see specific patterns.

If I don’t see a pattern I like, I won’t open a position. It’s that simple.

But I keep a watchlist of all the most likely runners so I’m prepared when they start moving.

Now, as I said before, some brokers restrict the stocks I like to play. Let me make this really clear: you can’t trade OTC stocks on Robinhood.

I know a lot of you probably started with a Robinhood account. But if you’re serious about trading, you need a serious broker.

Here’s my best advice…

And if you want to day trade massive spikers … you need up-to-date information.

How I’ve Made Millions

The penny stock niche is pretty crazy. It’s made millionaires, but it’s destroyed some too. I’ve seen it happen firsthand.

It all comes down to timing. A lot of newbies are buying the right stocks … But they’re late because many charts display data up to 20 minutes late.

There’s no way I could have profited +$7.3 million using delayed data. That would be like bringing a knife to a gunfight.

Trading is like going to war. You need to have the best weapons to win.

A few years ago I helped create a weapon specifically for day trading — and I use this every day. You can too.

Sign up for a trial run today.

Use it for the next two weeks and let me know what you think.

How have you banked off this oil and gas volatility? Which oil penny stocks are you watching? Let me know in the comments … I love to hear from my readers!

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”