Investing in a stock market can be a daunting task to any individual, especially if it is a person’s first time investing. There are so many options and so much information being thrown at you all the time that to have the courage to pull the trigger on a financial decision takes more than just courage, but knowledge as well.
Another factor why investing in energy companies has paid off so much is because they have strong operating margins and solid earnings growth rates, which means their expenses are low compared to revenues generated from operations or sales.
The best way to determine whether a company is making reasonable profits or not is by checking its return on equity and dividend yield. Companies with high operating margins and high return on equity values should pay out dividends if they choose to do so and grow them over time.
Best Energy Stocks For 2022 In Greece
Here is a list of the top three best-performing energy stocks in Greece for 2022:
Hellenic Petroleum SA (OTCMKTS: ELPEF)
The Athens-based Hellenic Petroleum SA was established in 1966 by Royal Dutch Shell S.A., which after years of successful activity, sold its remaining shares back to local investors in 2013. In 2015, Hellenic purchased one more refinery from Chevron Corporation through a private share issue at an estimated cost of 80 million dollars. This purchase allowed Hellenic Petroleum to expand its refining capacity from 4.000 barrels per day to 5.500 barrels per day.
Moreover, this transaction created a strong connection between the energy company and the energy corporation which is considered one of the most successful oil companies worldwide. Today, Hellenic Petroleum SA holds a significant position in Greece’s economy and has become an example for all European refineries with its high environmental standards and low carbon dioxide emission levels.
Petroceltic International Plc (OTCMKTS: PTCTF)
Petroceltic International Plc., formerly known as Celtic Exploration Ltd., was founded in 2002 by Roger Domeneghetti, its Chairman and CEO, with offices headquartered in London and Calgary, Canada. The company rose from an oil & gas exploration group to a fully integrated oilfield services company that offers a variety of solutions in geophysical and drilling services, drilling technology and directional drilling, and seismic data acquisition.
This year alone, Petroceltic has acquired an interest in 14 licenses that have been distributed over six European countries. In Greece, the company controls two onshore blocks with estimated reserves of more than 180 million barrels. Furthermore, one of those blocks is currently under development and is expected to be delivered by 2020-2022.
PetroWorth Resources Inc (OTCMKTS: PWRRF)
Founded in 2012 by John Alvaro and Kevin Smith under Petroleum Consultants Inc., PetroWorth Resources Inc. has succeeded in attracting investment from domestic and foreign investors totalling 12 million dollars. The company is headquartered in Houston, Texas, but operates worldwide with offices in Athens, Greece, and Bulgaria.
Known for its efficient approach to investing, the company has already established itself within the energy sector through successful partnerships with 15 of the most profitable oil & gas exploration companies in Southeast Asia. This year alone, PetroWorth has acquired interests in 12 onshore licenses distributed over five European countries, including Greece. The company controls one license currently under development and will be delivered between 2020-2022.
Summary
Although investing in energy stocks can be dangerous. Oil prices can rise or fall significantly depending on OPEC’s influence. It may be wise to invest in companies with solid fundamentals and offer high yields to compensate for reduced capital gains over time. The best time to start investing is now because you’re never too old or young to make money from your investments as long as you manage your risk. New investors interested in greek stocks should use a reputable online broker from Saxo Bank and trade on a demo account to practice different trading strategies before investing their money.
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