Why These Energy Stocks are Losing This Week

3. Houston American Energy Corp. (NYSEAMERICAN:HUSA

Share Price Decline Between Sep. 26 – Oct. 3: 9.05%

Houston American Energy Corp. (NYSEAMERICAN:HUSA) is an oil and gas exploration and production company, expanding into low-carbon fuels and chemicals.

Houston American Energy Corp. (NYSEAMERICAN:HUSA) dipped this week, possibly due to a decrease in the global prices of crude oil, with WTI crude oil futures falling to their 4-month low as the rising output from OPEC+ and a potential US government shutdown continued to put downward pressure on the market.

However, on a positive note, Houston American Energy Corp. (NYSEAMERICAN:HUSA) recently reported that production from its State Finkle Unit wells has commenced, with the first revenue received. The company announced plans to participate in the drilling of six wells in June 2024 and received its first royalties from production at the initial wells last month.

Following the recent downturn, the share price of Houston American Energy Corp. (NYSEAMERICAN:HUSA) has plunged by over 53% since the beginning of 2025.