Top 3 Energy Stocks That May Explode This Month
Portfolio Pulse from Avi Kapoor
The article highlights three energy stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued and poised for a potential rebound. San Juan Basin Royalty Trust (SJT), Hallador Energy Company (HNRG), and Permianville Royalty Trust (PVL) are identified as major oversold players in the energy sector with RSI values near or below 30. SJT recently settled with Hilcorp for $1.04 million, HNRG reported downbeat quarterly earnings despite high coal sales prices, and PVL provided a monthly operational update.
December 29, 2023 | 11:52 am
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Hallador Energy reported downbeat quarterly earnings but highlighted record coal revenue. The stock fell about 28% over the past month, with an RSI of 22.44.
Despite the negative earnings report, the high coal sales prices and low RSI suggest the stock may be undervalued, potentially leading to a price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Permianville Royalty Trust reported a monthly operational update and experienced a 25% stock decline over the past month, with an RSI of 27.98.
The operational update and low RSI value suggest that the market may have overreacted to recent news, and the stock could see a short-term price recovery.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
San Juan Basin Royalty Trust recently settled with Hilcorp for $1.04 million and has seen a 25% stock decline over the past month, with an RSI of 28.71.
The settlement with Hilcorp and the low RSI value indicate a potential resolution of issues and undervaluation, which could lead to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80