Bassett Furniture Industries ( BSET): The home furnishings retailer has an attractive dividend yield of almost 3.3%.Ģ022 has been a year of turmoil for the U.S.
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Meanwhile, the United States has continued sending large amounts of liquified natural gas (LNG) to the EU, which has also strained the energy supply chain. “With momentum firmly bullish and the market ill-equipped to handle any further bullish shocks, notable continued gains for natural gas remain likely this summer,” explained the firm. In fact, EBW Analytics mentioned a “bullish weather shift” as a catalyst to send the U.S. The United States east coast is bracing for heavy precipitation, including heavy snow. In addition, the current weather patterns have also impacted natural gas prices. The price of natural gas has exploded to its highest levels since the financial crisis.
Energy Penny Stocks Are Exploding Today & These Small Caps Are Leading The Charge.Barkindo also told Bloomberg that the highly volatile market also involves political factors which are “non-fundamental” and “totally out of our control at OPEC.” A recent ban on Russian coal and a potential embargo on Russian oil has put pressure on the EU to find alternatives. The European Union relies heavily on Russia for roughly 25% of its oil imports. He remarked that “Considering the current demand outlook, it would be nearly impossible to replace a loss in volumes of this magnitude.” What’s driving the sentiment in the stock market today? Recent comments from OPEC Secretary-General Mohammed Barkindo may have been one of the catalysts for the explosive move in energy prices. With the Russia-Ukraine conflict, energy prices have continued rising exponentially. Thanks to the onset of global supply shortages stemming from the pandemic, the oil and gas industry was already in a stranglehold.
Among the most active were volatile small-cap stocks and penny stocks that have become well-known for their exaggerated performance over the last few months.
Energy prices surged again on Monday, April 18th, sending traders into numerous names.
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