oil penny stocks When President Donald Trump announced in early May 2018 that the US would be withdrawing from the Joint Plan of Action (JPA) deal with Iran, it set the stage for good things to come – IF you were an investor in the oil, gas, exploration and energy space. The entire energy complex has been beaten down of late, but things began to shift in early 2018. Now may be the time to energize your portfolios with some oily names. The trend is your friend Before we dive into specific names to consider adding to your portfolio, lets take a look back and see what happens to Iran’s crude production in times of sanctions and embargos. Why? Because that has direct relevance to how things could play out again – this time in favor of US oil and gas producers. From the chart above, and the table of events linking Iran’s oil production to significant world reaction towards it’s foreign and defense policies, it would appear that production declines usually follow sanctions and embargos. Those production figures also tend to increase on positive news – like the 2013 signing of JPA and lifting of US sanctions in […]
