Photo by Jason Blackeye on UnsplashThis post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.A rapidly evolving global energy industry has several energy companies rethinking their business strategies, with many taking steps to diversify away from oil and gas into renewable and nonenergy sectors.The attraction is somewhat clear. If the core businesses are not growing or are even in decline, there may be excess capital that can be re-invested in other growth businesses. Acting swiftly in pursuing an informed diversification strategy might mean the difference between success and failure, allowing firms to remain at the leading edge of the industry.One Texas company, Viking Energy Group Inc. VKIN, reports that it has been proactive in this space and has done just that. Some active companies in the markets…
