The stock value of Empire Petroleum Corporation (NYSE:EP) decreased by 9.52% from September 26 to October 3, 2025, ranking it among the Energy Stocks that Suffered the Most This Week.
Empire Petroleum Corporation (NYSE:EP) focuses on conventional oil and natural gas production primarily in the US onshore sector.
Empire Petroleum Corporation (NYSE:EP) experienced a notable surge of nearly 20% last month due to rising crude oil prices amidst the intensifying conflict between Russia and Ukraine. However, oil prices have since plummeted to a four-month low, pressured by increased supply from OPEC+ and fears surrounding a potential US government shutdown.
Additionally, Empire Petroleum Corporation (NYSE:EP) has recently issued a $4 million promissory note to investor Phil E. Mulacek, with $2 million already disbursed. This note has an annual interest rate of 5.5% and includes options for conversion to common stock, along with the ability for penalty-free prepayment.
While we recognize the investment potential of EP, we believe that certain AI stocks present more promising growth opportunities and entail lower risks. If you’re interested in an extremely undervalued AI stock poised to benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short-term AI stock.
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