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Oil Penny Stocks Are Hot

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Why Oil Penny Stocks Are Hot

Oil Penny Stocks Are HotWith the ongoing boom in oil production occurring in the great plains of North America, oil penny stocks are one of the hottest penny stock sectors.  The oil boom, which was made possible by the introduction of advanced horizontal drilling techniques, will last for many years to come, which means there will likely be many future profitable penny stock trading opportunities associated with oil penny stocks.  While a penny stock trader or investor cannot go out and buy every oil related penny stock and expect them all to increase in price as the oil boom plays out, focusing on the penny stock oil sector is a good way to increase the chances of finding both profitable penny stock trades and investments, and potential penny stock monster gainers.

Oil Penny Stocks To Consider

The following are some oil penny stocks that may be worth investigating for potential trading and investing opportunities.  Keep in mind that the North American oil boom is not limited to the United States.  A great amount of oil is being produced in the oil sands region of Canada, which means oil related Canadian penny stocks should also be considered when looking for oil penny stocks that have the potential to move higher.

– Norstra Energy, Inc. (OTC BB: NORX) – Norstra Energy is an exploration stage oil and gas exploration and development company.  The company has oil and natural gas development rights that include 10,000 acres in the Bakken formation in Montana known as the South Sun River Prospect.

– Petro River Oil Corp. (OTC BB: PTRC) – Petro River Oil is an oil production of oil that currently is focused on liquid petroleum assets located in the Southeast Kansas.

– Independence Energy Corp. (OTC BB: IDNG) – Independence Energy Corp. is an oil and natural gas exploration company that is exploring for oil and natural gas in the United States and Canada, including oil sands in Canada.

– Tamm Oil and Gas Corp. (OTC Markets: TAMO) – Tamm Oil and Gas Corp. is an oil exploration and development company that is focused in the oil sands region of Canada.

This is just a sampling of the dozens of oil penny stocks that are active in the United States and Canada.  The key to finding profitable penny stock trading opportunities associated with the North American oil boom is to identify penny stocks that are involved in oil exploration, development, and production in the growing oil production regions of the United States and Canada, and assess their potential for future gains based on current or anticipated business developments.

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