Oil industry has been going down. Good thing! The stocks have become cheap by now. Well, Isn't the formula of winning a stock market, "Buy low, sell high?" The economy has shown signs of growth potential and EU leaders seem to be finally co-operating to solve the Euro problems. So the oil and gas stocks have started to pick up slowly. Also, the amount of fuel imported to US is also being reduced with the improvement of oil industry and technology within US. There are several oil and gas stocks whose price rose today by few percents. However, there was one particular stock that I benefited the most. The stock was Avalon Oil and Gas Inc (AOGND). There is a possibility that the stock could rise even more on Monday.
The stock increased by 114.29% today. The fact that it was at low price and its growth rate being 66% , I got attracted to buy the stock. Of course, there were more variables that I had to make sure it was worth its price. Since, the price is still low, I consider the stock to be one of the hottest penny stocks, and could double or even quadruple in the following days.
For more information, refer to: http://topics.nytimes.com/top/news/business/companies/avalon-oil-and-gas-inc/index.html
Disclosure: I acquire shares in this stock and my words should not be taken as a form of an advice. It is important for one to do one's own research before buying any stocks.
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