Keep $AGYP on your watch list as this stock contin
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Posted On: 09/03/2021 9:28:08 AM
Keep $AGYP on your watch list as this stock continues to rally this week!
Allied Energy Corp. (OTCMKTS: AGYP) Soars 18.98% To $0.3558 And Extends Its Green Close Rally. Sees More Gains Ahead
Allied Energy Corp. (OTCMKTS: AGYP) yesterday continued its green rally, soaring 18.98% to $0.3558 in average trading volume. It closed green again last evening and has run counter to oil sector red/green closes, upset by volatility in both the Middle East and Ida-impacted Louisiana. A once 83-cent high close inspires more positive closes in the future. AGYP is having a solid green week — it closed green Monday night at $0.2950, up +1.65% — and has not looked back. AGYP has been on a tear this week.
Most of the independent energy sector closed higher yesterday, but AGYP closed significantly highest percentage green. Others were up in the low single digits as AGYP closed almost 20% higher. Higher closes in independent oil included: PrimeEnergy Resources Corporation (NASDAQ: PNRG), Oasis Petroleum, Inc. (NASDAQ: OAS), Viper Energy Partners LP (NASDAQ: VNOM), Kosmos Energy Ltd. (NYSE: KOS), Contango Oil & Gas Company (NYSE: MCF), PDC Energy (NASDAQ: PDCE), Amplify Energy Corp. (NYSE: AMPY), PHX Minerals (NYSE: PHX) and Trophy Resources, Inc. (OTC: TRSI).
Even when the independent oil sector closes red, AGYP is positive. All the signs point to a great finish to this week, too, for AGYP. WTI Crude settled last night at $69.84 and Brent Crude closed at $72.94. That means AGYP’s AUM value — from an engineering report on its Green Lease and Annie Gilmer site wells in Texas remains roughly at $32 million in proven reserves at its two most promising leased well sites. As long as oil prices in WTI and Brent remain high, AGYP benefits.
Shorts continue to hamper growth in the AGYP stock, consistently representing more than half the volume of shares — 57.50% on September 1 and peaking at 84.29% on August 27. But the long term investors may win the day, with this stock closing green all week despite the heavy trading impact of shorts.
Barchart rates AGYP as an 8% buy, based on its string of green closes. It has now set a new first resistance point for AGYP at $0.3865. While global oil prices remain high, this price is within grasp. For AGYP’s long stock holders, the bounce is happening right now.
AGYP closes green when other oil independent close red. Management of AGYP documented their belief in the oil and gas reserves in the company’s Q2 2021 financial report. Rather than taking compensation, they are taking non-interest bearing bonds from the company. That cuts costs — and, more importantly — reflects their determination to find profitable oil and gas product.
The most promising well sites for AGYP are the Green Lease Site and Annie Gilmer Site.
Petroleum Engineer Mark McBryde submitted his technical reports and projections for these two sites and AGYP filed them as supplemental engineering reports with the OTC on its leased wells in Texas.
At the Green Lease Site, McBryde found $2,944,900 of proved oil and $18,536,600 worth of probable and possible oil. At the Annie Gilmer Site. he found proved oil and gas reserves of $6,704,900 and probable and possible reserves of $5,489,900, all computed at a market price of $46.26. This is far below today’s market prices — see above for last night’s significantly higher settlement prices, reflecting the company’s real AUM value.
The impact of AGYP’s two supplemental filings with the OTC is making itself felt in steadily rising prices for the stock — as oil and gas reserves at its leased well sites have been documented. Keep AGYP on your watch list as this stock continues to rally this week.
Link to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
Posted in Business, Featured Tagged AGYP, AGYP news, AGYP stock, Allied Energy Corp (OTCMKTS:AGYP), Amplify Energy Corp. (NYSE: AMPY), Contango Oil & Gas Company (NYSE: MCF), Kosmos Energy Ltd. (NYSE: KOS), Oasis Petroleum Inc. (NASDAQ: OAS), OTC AGYP, PDC Energy (NASDAQ: PDCE), PHX Minerals (NYSE: PHX), PrimeEnergy Resources Corporation (NASDAQ: PNRG), Trophy Resources Inc. (OTC: TRSI), Viper Energy Partners LP (NASDAQ: VNOM)
https://topnewsguide.com/2021/09/03/allied-en...ins-ahead/
Allied Energy Corp. (OTCMKTS: AGYP) Soars 18.98% To $0.3558 And Extends Its Green Close Rally. Sees More Gains Ahead
Allied Energy Corp. (OTCMKTS: AGYP) yesterday continued its green rally, soaring 18.98% to $0.3558 in average trading volume. It closed green again last evening and has run counter to oil sector red/green closes, upset by volatility in both the Middle East and Ida-impacted Louisiana. A once 83-cent high close inspires more positive closes in the future. AGYP is having a solid green week — it closed green Monday night at $0.2950, up +1.65% — and has not looked back. AGYP has been on a tear this week.
Most of the independent energy sector closed higher yesterday, but AGYP closed significantly highest percentage green. Others were up in the low single digits as AGYP closed almost 20% higher. Higher closes in independent oil included: PrimeEnergy Resources Corporation (NASDAQ: PNRG), Oasis Petroleum, Inc. (NASDAQ: OAS), Viper Energy Partners LP (NASDAQ: VNOM), Kosmos Energy Ltd. (NYSE: KOS), Contango Oil & Gas Company (NYSE: MCF), PDC Energy (NASDAQ: PDCE), Amplify Energy Corp. (NYSE: AMPY), PHX Minerals (NYSE: PHX) and Trophy Resources, Inc. (OTC: TRSI).
Even when the independent oil sector closes red, AGYP is positive. All the signs point to a great finish to this week, too, for AGYP. WTI Crude settled last night at $69.84 and Brent Crude closed at $72.94. That means AGYP’s AUM value — from an engineering report on its Green Lease and Annie Gilmer site wells in Texas remains roughly at $32 million in proven reserves at its two most promising leased well sites. As long as oil prices in WTI and Brent remain high, AGYP benefits.
Shorts continue to hamper growth in the AGYP stock, consistently representing more than half the volume of shares — 57.50% on September 1 and peaking at 84.29% on August 27. But the long term investors may win the day, with this stock closing green all week despite the heavy trading impact of shorts.
Barchart rates AGYP as an 8% buy, based on its string of green closes. It has now set a new first resistance point for AGYP at $0.3865. While global oil prices remain high, this price is within grasp. For AGYP’s long stock holders, the bounce is happening right now.
AGYP closes green when other oil independent close red. Management of AGYP documented their belief in the oil and gas reserves in the company’s Q2 2021 financial report. Rather than taking compensation, they are taking non-interest bearing bonds from the company. That cuts costs — and, more importantly — reflects their determination to find profitable oil and gas product.
The most promising well sites for AGYP are the Green Lease Site and Annie Gilmer Site.
Petroleum Engineer Mark McBryde submitted his technical reports and projections for these two sites and AGYP filed them as supplemental engineering reports with the OTC on its leased wells in Texas.
At the Green Lease Site, McBryde found $2,944,900 of proved oil and $18,536,600 worth of probable and possible oil. At the Annie Gilmer Site. he found proved oil and gas reserves of $6,704,900 and probable and possible reserves of $5,489,900, all computed at a market price of $46.26. This is far below today’s market prices — see above for last night’s significantly higher settlement prices, reflecting the company’s real AUM value.
The impact of AGYP’s two supplemental filings with the OTC is making itself felt in steadily rising prices for the stock — as oil and gas reserves at its leased well sites have been documented. Keep AGYP on your watch list as this stock continues to rally this week.
Link to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
Posted in Business, Featured Tagged AGYP, AGYP news, AGYP stock, Allied Energy Corp (OTCMKTS:AGYP), Amplify Energy Corp. (NYSE: AMPY), Contango Oil & Gas Company (NYSE: MCF), Kosmos Energy Ltd. (NYSE: KOS), Oasis Petroleum Inc. (NASDAQ: OAS), OTC AGYP, PDC Energy (NASDAQ: PDCE), PHX Minerals (NYSE: PHX), PrimeEnergy Resources Corporation (NASDAQ: PNRG), Trophy Resources Inc. (OTC: TRSI), Viper Energy Partners LP (NASDAQ: VNOM)
https://topnewsguide.com/2021/09/03/allied-en...ins-ahead/
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