3 Penny Stocks Poised for Major Upside Over the Next 5 Years
Though risky, there are certainly plenty of penny stocks to buy that have the potential to significantly boost portfolio returns. Of course, patience and a growth-friendly market are required for the kind of major upside most growth investors are looking for over a five year time frame.
Vaalco Energy: Long-Term Value And Growth Opportunity
EGY shares have gained over 59% in the last year, outperforming the S&P 500 by 34.51%. EGY has a strong financial position with high asset turnover and a solid balance sheet. Strategic acquisition of Svenska Petroleum Exploration provides growth potential, diversification, and entry into the promising Cote d'Ivoire market.
Vaalco Energy: Fast Paybacks Are The Key Here
Vaalco is diversifying its operations to reduce business risk. The company's offshore operations in Western Africa have limited exposure to the political instability in the region. Vaalco's operations in Alberta, Canada, are the most stable, with favorable government treatment and infrastructure support.
3 Penny Stocks to Buy Now If You're Short on Cash But Big on Dreams
The top U.S. stock market indices continue to notch fresh highs, with the heightened enthusiasm surrounding potential interest rate cuts this year. Market analysts are pricing in a couple of rate cuts later this year of 25 basis points each.
