Top 2 Energy Stocks That Could Blast Off This Quarter
Portfolio Pulse from Lisa Levin
Tellurian Inc. (TELL) and Verde Clean Fuels, Inc. (VGAS) are identified as the most oversold stocks in the energy sector, presenting a potential buying opportunity. Tellurian recently secured a deal with Baker Hughes for the Driftwood LNG project, while Verde Clean Fuels reported a Q2 loss but is progressing towards the first commercial deployment of its STG+ process.
October 18, 2023 | 11:08 am
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POSITIVE IMPACT
Tellurian secured a deal with Baker Hughes for the Driftwood LNG project. Its stock is currently oversold with an RSI of 25.80 and closed at $0.7568 on Tuesday.
The new deal with Baker Hughes could potentially boost Tellurian's stock. Its current oversold status indicates it may be undervalued, presenting a buying opportunity.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Verde Clean Fuels reported a Q2 loss but is progressing towards the first commercial deployment of its STG+ process. Its stock is currently oversold with an RSI of 24.72 and closed at $2.99 on Tuesday.
Despite the Q2 loss, Verde Clean Fuels' progress towards STG+ deployment could potentially boost its stock. Its current oversold status indicates it may be undervalued, presenting a buying opportunity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100