Stock Groups

4 Small-Cap Stocks to Grab Now on Bank of America Warning of $100 Oil This Winter By StockNews

by Mike Robinson

[ad_1]

© Reuters. Bank of America: 4 Stocks for Small Caps You Should Grab Right Now

Since oil prices continue to rise, due to OPEC+’s tight supply policy, Bank of America (NYSE:) expects the commodity to hit $100 this winter on surging demand. Fundamentally strong oil-producing firms should find this encouraging. We think small-cap oil energy stocks such as GeoPark (NYSE:), Transportadora de Gas (TGS), Vista Oil & Gas (VIST), and Adams Resources & Energy (AE) are well-positioned to soar in the upcoming months. Recently, oil prices soared to a record high of $33 per year. Yesterday’s price jump was 1.4% to $78.93/barrel as OPEC does not intend to significantly increase its supply. Bank of America (BAC), expects that oil prices will rise to over $100 per barrel during the winter season, as there is likely to be a spike in demand.

Given the expected shortage of oil this winter, analysts expect an unexpected spike in panic-buying. Small-cap stocks of oil with huge growth potential will benefit as oil prices rise.

That’s why investors should consider stocks such as GeoPark Limited (GPRK), Transportadora de Gas del Sur S.A. (TGS), Vista Oil & Gas, S.A.B. de C.V. (VIST), and Adams Resources & Energy, Inc. (AE), to add to their portfolios.

Continue reading on StockNews

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]