Is Berry Corporation (BRY) the Best Oil and Gas Penny Stock to Invest in Now?
From Yahoo Finance: 2025-04-26 10:18:00
Berry Corporation (NASDAQ:BRY) is among the best oil and gas penny stocks to invest in now. The oil and gas sector faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Despite market instability, companies are focusing on high-performing assets and green tech. LNG futures are up nearly 40% in six months.
Berry Corporation (NASDAQ:BRY) operates in California and Utah, focusing on mature basins with existing infrastructure. In 2024, they posted $292 million in adjusted EBITDA, drilling 56 wells. Plans for 2025 include 50 new wells, with 40% of spending in Utah. BRY ranks 2nd on the list of best oil and gas penny stocks.
The oil and gas industry is shifting focus to natural gas as a growth driver. Global LNG trade is central to Europe, with US LNG shipments increasing. Solar energy won’t entirely replace fossil fuels, emphasizing the importance of a harmonized energy mix. Oil and gas, especially natural gas, remain vital for global growth and energy security.
Penny stocks – small-cap oil and gas companies under $5 – attract interest for their high-growth potential. Insider Monkey compiled a list of the best oil and gas stocks under $5 based on hedge fund holdings. Imitating the top stock picks of hedge funds can outperform the market. Quarterly newsletters have returned 373.4% since May 2014.
Read more at Yahoo Finance: Is Berry Corporation (BRY) the Best Oil and Gas Penny Stock to Invest in Now?