Businesses that produce and distribute energy are important to the nation’s economic strength and stability. Companies in this sector often specialize in oil extraction and manufacturing. Here are the energy minerals sector’s top performing stocks for the week of June 17, 2021.
1. Indonesia Energy Corporation Limited – Up 16.88% This Week
Indonesia Energy Corporation Limited (NYSE ARCA & MKT: INDO) is up 16.88% this week. Indonesia Energy Corp Ltd is an Indonesian oil and gas exploration and production business. Oil and natural gas transactions are the company’s main source of income.
2. Dorchester Minerals L.P. – Up 10.55% This Week
Dorchester Minerals L.P. (NASDAQ: DMLP) is up 5.87% this week. Dorchester Minerals, L.P. is a Dallas-based oil and gas mineral owner with producing and non-producing assets. It began operations on January 31, 2003, as a publicly listed limited partnership.
3. Silverbow Resources Inc. – Up 10.41% This Week
Silverbow Resources Inc (NYSE: SBOW) is up 5.12% this week. Silverbow Resources is an independent exploration and production company based in South Texas with holdings in the Eagle Ford Shale.
4. Vista Oil & Gas – Up 9.05% This Week
Vista Oil Gas (NASDAQ: PPTA) is up 4.24% this week. Vista is a private company that specializes in the Vaca Muerta shale oil field. They are a flexible company run by a seasoned oil and gas staff.
5. Permianville Royalty Trust – Up 8.79% This Week
Permianville Royalty Trust (NYSE: PVL) is up 3.85% this week. The Permianville Royalty Trust is a Delaware statutory trust that was established to own a net profits interest, which entitles it to collect 80% of the net money from oil and gas development.
Should You Invest in the Energy Mineral Sector?
This massive sector is essential in supplying the country with energy. Energy prices are subject to fast fluctuations, which may have a substantial impact on the industry as well as the global economy. If you want to invest in diverse areas of the stock market, you should consider hiring a financial advisor to assist you.