Will AXAS Break Resistance After Vaccine Delivery?
It Will be interesting to see how $NASDAQ:AXAS performs this coming week now that Pfizer's vaccine is set to ship. Energy stocks will likely be a focus and might be worth watching at the very least.
"Investors should be watching these companies due to their relationship with the covid vaccine. If a vaccine comes out in a timely manner, it could mean more people out and about. This would mean that energy consumption could go up, leading to greater demand for resources. The company states that it operates as an energy company working on the exploration and development of oil and gas. It does this in the Permian Basin as well as the Rocky Mountains and South Texas. All of these areas are known to have high concentrations of oil and natural gas."
QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
"Investors should be watching these companies due to their relationship with the covid vaccine. If a vaccine comes out in a timely manner, it could mean more people out and about. This would mean that energy consumption could go up, leading to greater demand for resources. The company states that it operates as an energy company working on the exploration and development of oil and gas. It does this in the Permian Basin as well as the Rocky Mountains and South Texas. All of these areas are known to have high concentrations of oil and natural gas."
QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
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