About Penny Energy Stocks
Penny energy stocks that are cheap are usually tiny companies, and trading with these companies can be dangerous because they often have only one product. Find out how to verify the financial data that penny energy stock companies release with help from a portfolio manager in this free video on penny stocks and investments.
Promoted By Zergnet
Small is beautiful. Remember that? Wasn't that Shumacher who said that? Hi, this is Roger Groh with Groh Asset Management and in this case so, it pertains to companies selling it less than a dollar per share; principally, Penny Stocks. Where can you get a list of companies that sell it for less than a dollar. If it's here in the US, you can go to Bloomberg or Reuters or perhaps the exchanges themselves; Nasdaq, Amex, New York as examples and do a screens looking for cheaper-priced businesses. For today though, we're just talking about energy companies that sell it less than a dollar. And as you are doing your screens, you can further refine them to just break out the energy sector and they will give you some very expensive prices; but on the other hand, some very cheap ones. Probably if they're in the energy sector and they're cheap, they're tiny and you have to be a little wary because you need different types of managers to run a one-product company versus a company, manufacturing five or six much less, five or six thousand different types of products. So be careful on the Penny Stock area. Last but not least, Vancouver in particular has many Penny Stocks but Vancouver has been with rightful with fraud through the years. So if I were going there, I would want to be able to verify independently any financial data that those companies release. Frankly, I wouldn't believe them. I'd stick to the US or perhaps Europe. Hope that helps. Look in Bloomberg or Reuters first. I'm Roger Groh at Groh Asset Management.