Penny Oil Stocks

There are not a lot of oil company stocks that fall into the penny category. There are inexpensive stock companies that offer a good investment opportunity, but a person cannot expect to make a small investment in an oil company see big returns. It is possible that the Marcellus Shale layer may have given some companies their start n the energy industry. The stocks listed below are suggestions. The prices are hard to find. The companies are heavily involved in Marcellus Shale drilling. The investor should consult with an investment adviser should 

1.  Penn Virginia Corp

The Penn Virginia Corp is working on developing natural gas resources in the United states. It makes its headquarters in Radnor, PA. It is a relative newcomer to the energy game. It operates in Pennsylvania, Mississippi, Texas and Appalachia.

2.  The Pioneer Drilling Corporation

The Pioneer Drilling corporation operates throughout the United States. It provides oil, gasoline and natural gas services to many states in the Union. It also works with oil and natural gas wells. It provides drilling and wire line services. The company has provided many well drilling services to the natural gas industry working in Pennsylvania and West Virginia.

3.  Newfield Exploration Company

The Newfield Exploration company works in the United States and Asia to find oil and natural gas resources. The company does not develop these resources, it simply finds these resources for other companies to exploit.

4.  Schlumberger Limited

Schlumberger is another company that has started operations in Pennsylvania since the state decided to develop the Marcellsus Shale layers. The company has an office in Williamsport and has hired many natural gas workers to help drill wells and it has provided employment for many workers. The companies that are using the fracturing technologies. Any company just getting off the ground has the potential to be a good investment.

5.  Whitting Petroleum Corporation

Whitting Petroleum Corporation is not working with the Cellulars Shale companies. They are working in Texas, Oklahoma and parts of the Rockies. They are more concerned with the distribution of resources than they are with the acquisition of these resources.

These five lists are not comprehensive. There are hundreds of companies that have decided to get into the energy business to exploit the new resources available. They have acquired the capital needed to exploit the resources and began the operations necessary to extract the oil and natural gas. A consumer should contact an investment adviser if he is not sure about the course of action he should take. Any investment involves risk. The wise investor minimizes his risk and diversifies his portfolio. A diversified portfolio contains more than just stocks. It should include savings, money funds and many other investments that reduce the risk to the investor.