Under $5 Sundance Energy’s stock (NASDAQ: SNDE) makes an attempt to rise higher from $2.39 on 40 million shares while energy stocks do not seem to grow further as crude oil prices are kept under pressure by political issues and sanctions against major suppliers.
The oil refining company Sundance might see further advance in getting new supplies from mining companies. There is a big threat from alternative renewable energy users like electric and hydrogen vehicles which will remove combustion engine backed cars from the mass market. Eventually, sudden drop in revenue may force the company to shift to other alternatives.
Positive EPS and growing actual capitalization hold strong Sundance Energy’s popularity among long term goals setting investors. SNDE has almost a penny price which may give a bright opportunity to newbies.