As the West Texas Intermediate (WTI) oil price surges, some folks prefer to trade futures contracts. That’s fine, but stock traders might consider Greek oil transportation company Imperial Petroleum (NASDAQ:IMPP) as the buying pressure with IMPP stock has been off the charts lately.
Besides, oil futures contract trading isn’t appropriate, or even available, for everyone. On the other hand, shares of Imperial Petroleum are relatively cheap and highly liquid, so it’s easy to get in and out of the trade.
In a moment, we’ll see just how wild IMPP stock’s price action has been lately. With that in mind, it’s not advisable to pour your entire account into this one stock.
However, a small position in Imperial Petroleum shares could be appropriate as long as you’re aware of the risks involved. If you can handle the volatility, then there might actually be multi-bagger potential here.
Find out more about Imperial Petroleum stock here.
This post originally appeared at InvestorPlace.