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Stock impact report

Houston American Energy (HUSA) Fell By 9% This Week. Here is Why. [Yahoo! Finance]

Houston American Energy Corporation (HUSA) 
NASDAQ:AMEX Investor Relations: houstonamerican.com
Company Research Source: Yahoo! Finance
Houston American Energy (HUSA) Fell By 9% This Week. Here is Why. 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 p Show less Read more
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