CapitalGainsReport: Energy Penny Stocks for 2023:
Post# of 323
https://www.marketscreener.com/quote/stock/IN...-42755319/
Houston Natural Resources Corp (OTCMKTS:HNRC) - The first one that may be added to your watch list for 2023 is Houston Natural Resources Corp, which is a diversified energy holding company with varied operations and investments. Some of the sectors in which the company is involved include healthcare, energy, and information technology among others.
The company had made rapid strides over the course of the past year and hence, it could be worth taking a look into some of the highlights. The company spun off its non-energy assets into a separate fully owned subsidiary unit named Worldwide Diversified Holdings and issued dividend shares to Houston Natural Resources Corp shareholders for the same.
Another significant transaction for the company was the acquisition of a 9.9% stake in the company Cunningham Energy LLC. However, in addition to that, the company had also extended the letter of intent by way of which it would have the option to pick up a 100% stake in Cunningham by March 31, 2023.
In addition to that, Houston Natural Resources Corp engaged an underwriter for a commitment of $100 million for the purpose of uplisting the stock to a bigger exchange eventually. This year, Houston Natural Resources Corp may well be one of the major penny stocks to track in the energy sector.