Will IMPP Become 10x Stock This Year Due To High Oil Prices?

Energy stocks are back in this hard macroeconomic period to give some feasible returns to traders who expect big margins because of soaring oil prices.

One of the under $1 energy stocks Imperial Petroleum is going to release Q1 2022 earnings on June 14. For the full year of 2021, the company performed weakly because of unfriendly oil and gas prices. There is a high chance for IMPP to soar as high as $10 amid showing positive earnings this year.

The majority of investors are reluctant to buy other than energy stocks as oil production has not been initiated by a big conglomerate Saudi Aramco. Due to political and security reasons, the middle eastern giant is perhaps restraining itself from producing thousands of tons of “black gold”.