3 Penny Stocks In The Energy Sector Ripe To Play For Inflation

Inflation is here.

Commodity prices are soaring, with the price of oil up by about 10% in just two weeks. As a result, many energy-based stocks have already broken out.

Other energy-based companies haven't broken out yet, but appear to be on the verge of doing so. These include Evolution Petroleum Corporation EPM, VOC Energy Trust VOC, and Crescent Point Energy Corp. CPG.

Evolution Petroleum is testing resistance at the $4 level. This level was resistance in early May as well.

VOC has run into resistance at the $4.15 level. If the price of oil keeps rising, shares of VOC may very well break this resistance and move higher as well.

The $4.75 level has been resistance for Crescent Point for two years. It's being tested once again and if this level breaks, shares could make a big move higher.