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Oversold Stocks in Energy Sector: The energy sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with an RSI below 30.

Pedevco Corp Performance: Pedevco Corp's stock has dropped 27% recently, with an RSI of 29.8, following disappointing quarterly sales, although future prospects look promising due to upcoming well developments.

Geospace Technologies Update: Geospace Technologies reported a loss of 71 cents per share, with its stock down 50% over the past month and an RSI of 29, despite a recent 18.4% increase in share price.

Houston American Energy Situation: Houston American Energy's stock has fallen 59% recently, with an RSI of 23.2, following an $8 million direct offering, although there are signals indicating a potential breakout in its shares.

Market Performance: Oil & gas equipment and services shares are lagging behind the market, with a slight increase of about 0.6%, primarily affected by declines in NextNRG and Lanzatech Global, which fell by 7.1% and 6.8% respectively.

Author's Perspective: The views expressed in the article reflect the author's opinions and do not necessarily represent those of Nasdaq, Inc.

Conflict and Retaliation: Following Israel's airstrikes on Iranian military sites, Iran launched missile attacks on Israel, marking the beginning of what they termed "The Hard Retaliation," resulting in significant casualties among Iranian military leadership.

Market Impact: The conflict has led to a notable decline in global financial markets, with the Dow Jones dropping over 700 points, while energy sector ETFs saw substantial inflows, indicating investor interest amidst rising oil prices and ongoing geopolitical tensions.