Keep $AGYP on your watch list as this stock continues to

New Post Public Reply Private Reply Replies (0) Message Board
AyaStocks
187
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/
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Masimo's smartSET™ Revolutionizes Patient Monitoring

Updated Category News Views 57

Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...

Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors

Updated Category News Views 76

Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...

Continue Reading
Hyliion Class Action Deadline Nears for Investors

Updated Category News Views 75

Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...

Continue Reading
Voter Events by Valley Community Healthcare Aim to Empower

Updated Category News Views 55

Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....

Continue Reading
LG OLED evo W6: UAE Roadshow Starts with a Bang

Updated Category News Views 68

They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...

Continue Reading
AEVEX Facing Class Action Deadline Amid Stock Turmoil

Updated Category News Views 58

Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...

Continue Reading
Weifang's Cultural Resurgence: A Global Epigraphy Fest

Updated Category News Views 63

A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...

Continue Reading

Top 5 Most Recently Viewed Articles

Swvl Achieves Record Revenue and Profit in Q1 2025 Success

Updated Category News Views 341

Swvl Reports Impressive Financial Performance for Q1 2025 Swvl Holdings Corp (Nasdaq: SWVL) has unveiled its financial results for the first quarter of 2025, showcasing remarkable growth and strategic progress. The company achieved a 12.4% increase in revenue compared to the previous quarter, driven by targeted expansions in lucrative markets and significant new...

Continue Reading
Insights from a Virtual Summit for Entrepreneurs and Businesses

Updated Category News Views 267

Essential Insights from the National Small Business Week Summit The National Small Business Week Virtual Summit serves as a rich platform for entrepreneurs to gain invaluable insights and network with industry leaders. This engaging event engaged thousands and was designed to help small business owners navigate challenges faced in today's dynamic marketplace. Networking...

Continue Reading
SWEP Enhances Testing Capabilities with New Propane Facility

Updated Category News Views 120

SWEP Unveils New Propane Testing Facility SWEP, a notable player in the field of brazed plate heat exchangers, is thrilled to announce the launch of its new propane testing facility located at the SWEP Research & Development Center. This state-of-the-art rig has been designed to support the development of heating and cooling systems that utilize natural refrigerants....

Continue Reading
Boeing's Strike and Its Impact on Jetliner Availability

Updated Category News Views 207

Impact of Boeing's Strike on Jetliner Availability The recent strike at Boeing is a significant event for the aviation industry. It has the potential to worsen the ongoing global shortage of jetliners. Airlines are already facing challenges, and this interruption in production has raised concerns about rising airfares and how long airlines will have to rely on older jets...

Continue Reading
Dorian LPG Receives Shareholder Support for Board and Pay

Updated Category News Views 97

Dorian LPG Gains Shareholder Backing for Board and Executive Pay Dorian LPG (NYSE:LPG) Ltd., a key player in deep-sea freight transportation, has recently concluded its annual shareholder meeting, showcasing strong investor involvement and support. The meeting revealed results that affirm the company's position as an influential entity in the shipping sector. Highlights...

Continue Reading