Penny stocks are often seen as opportunities for huge returns. However, this happens on rare occasions with the rest of the time investors losing money. There could be an opportunity in small oil companies now given the recent events and surging oil prices. Here I will try to assess whether it is quite the time to go all-in on small oil companies.
Why oil prices are on a bull-run
The price of light crude oil has made massive gains over the last four weeks to hit a new 8-month high of $45.90.