Indonesia Energy Corporation (AMEX:INDO) stock is trading higher on Monday, along with other companies in the oil and gas sector, as tensions in the Middle East rise after Israel and Hezbollah fired missiles across the Lebanon border.
The Details: Reuters reported that Hezbollah launched hundreds of rockets and drones aimed at northern Israel on Sunday. Israel's military stated that it hit Lebanon with about 100 jets to avoid a larger attack.
Hezbollah leader Sayyed Hassan Nasrallah said that the attacks had been completed, "as planned," and added that "if the result is not enough, then we retain the right to respond another time."
Israel's foreign minister stated that the country is not aiming for a full-scale war. Prime Minister Benjamin Netanyahu said, "This is not the end of the story."
According to Reuters, Libya's eastern government said that it would shut down oil production. However, the National Oil Corp, which controls Libya's oil supply, did not confirm this; Tripoli's government did not confirm this either.
Waha Oil Company, a National Oil Corp subsidiary, announced that it planned to slowly stop oil output due to protests and pressure. The company also operates a joint venture with both Total Energy and ConocoPhillips.
How To Buy Indonesia Energy Stock
By now you're likely curious about how to participate in the market for Indonesia Energy Corp (AMEX:INDO) – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
INDO Price Action: At the time of publication, Indonesia Energy stock is trading 16.0% higher at $3.62, per data from Benzinga Pro.
