$AGYP Allied Energy Corp. (OTCMKTS: AGYP) Sees 600+ Point Market Dip; AGYP Investors Analyze It As ‘Loading’ Opportunity
Allied Energy Corp. (OTCMKTS: AGYP) stock hit $32.50, off 16.6% in average volume, in an overall market decline of 600+ points. The market dropped 1.8% due to factors unrelated to AGYP, such as China real estate debt, but AGYP long holders saw the market decline as an opportunity to ‘load’ more AGYP shares. AGYP announced great news as it began producing oil and began production at its Green Lease Site last week. It is near production in wells at its Annie Gilmer site, both in Texas. AGYP tweets documented the progress. So a larger market dip was over ridden by a longer term view of AGYP’s prospects by shareholders.
Higher prices and shortages in global energy play to AGYP’s favor as the Company begins domestic oil production, shipped from American soil, and free of global politics. While Russia last night refuses to ship more natural gas, resulting in a 10% spike in European prices and oil prices recently jumped to a six week high, oil prices held high last evening: WTI Crude hit $70.29 and Brent Crude settled at $74.07. Shortages and high prices in oil energy is in AGYP’s sweet spot as it begins its own domestic production.
AGYP long term prospects are growing stronger as global energy — specifically in natural gas — is being hit with a double whammy — a doubling of prices in a six month period and shortages to boot. AGYP’s oil from its Green Lease Site and Annie Gilmer Site are welcome within the United States in the face of trending energy news.
Natural gas is now trading at its highest levels since 2014 and are up 121% YTD, according to an article on oilprice.com So as Europe bet on green energy — windmills and solar — petrochemicals are providing the brunt of trying to meet demand. Prices are high and production is short.
Shorts were already scrambling to cover AGYP positions last week. On Thursday 9/16/2021 shorts represented 60.30 % of all volume —- and Friday, 9/17/2021, shorts accounted for 46.65%. A short squeeze is already developing.
A new report by the company details its progress on the wells at the Green Lease Site at the Green Lease Site: Well M-1 and Well X-3. plus Annie Gilmer Site wells. George Montieth, CEO, said, “Allied is now on the cusp of becoming a producing oil company.
AGYP’s July 18th analysis by a petroleum engineer study on their Proved, Possible and Probable reserves found that the Green Lease reserves are as follows:
Proved: $2,026,500
Probable: $5,781,300
Possible: $12,755,300
TOTAL: $20,563,100
At the Annie Gilmore site, the engineer found:
Proved: $6,704,900
Probable and Possible: $5,489,900
TOTAL: $12,194,800
Remember, these dollar totals are from a petrol engineer’s report for only two of AGYP’s well sites. And they are at much cheaper than current market prices.
In its Q2 OTC filing, AGYP moved all of its free cash flow for investing activities — or $224,563 — back into re-investment into its oil and gas properties. The impact of AGYP’s two supplemental filings on oil reserves with the OTC is making itself felt in steadily rising prices for the stock — as oil and gas reserves at the well sites have been documented. Links to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
https://topnewsguide.com/2021/09/21/allied-en...portunity/
Allied Energy Corp. (OTCMKTS: AGYP) stock hit $32.50, off 16.6% in average volume, in an overall market decline of 600+ points. The market dropped 1.8% due to factors unrelated to AGYP, such as China real estate debt, but AGYP long holders saw the market decline as an opportunity to ‘load’ more AGYP shares. AGYP announced great news as it began producing oil and began production at its Green Lease Site last week. It is near production in wells at its Annie Gilmer site, both in Texas. AGYP tweets documented the progress. So a larger market dip was over ridden by a longer term view of AGYP’s prospects by shareholders.
Higher prices and shortages in global energy play to AGYP’s favor as the Company begins domestic oil production, shipped from American soil, and free of global politics. While Russia last night refuses to ship more natural gas, resulting in a 10% spike in European prices and oil prices recently jumped to a six week high, oil prices held high last evening: WTI Crude hit $70.29 and Brent Crude settled at $74.07. Shortages and high prices in oil energy is in AGYP’s sweet spot as it begins its own domestic production.
AGYP long term prospects are growing stronger as global energy — specifically in natural gas — is being hit with a double whammy — a doubling of prices in a six month period and shortages to boot. AGYP’s oil from its Green Lease Site and Annie Gilmer Site are welcome within the United States in the face of trending energy news.
Natural gas is now trading at its highest levels since 2014 and are up 121% YTD, according to an article on oilprice.com So as Europe bet on green energy — windmills and solar — petrochemicals are providing the brunt of trying to meet demand. Prices are high and production is short.
Shorts were already scrambling to cover AGYP positions last week. On Thursday 9/16/2021 shorts represented 60.30 % of all volume —- and Friday, 9/17/2021, shorts accounted for 46.65%. A short squeeze is already developing.
A new report by the company details its progress on the wells at the Green Lease Site at the Green Lease Site: Well M-1 and Well X-3. plus Annie Gilmer Site wells. George Montieth, CEO, said, “Allied is now on the cusp of becoming a producing oil company.
AGYP’s July 18th analysis by a petroleum engineer study on their Proved, Possible and Probable reserves found that the Green Lease reserves are as follows:
Proved: $2,026,500
Probable: $5,781,300
Possible: $12,755,300
TOTAL: $20,563,100
At the Annie Gilmore site, the engineer found:
Proved: $6,704,900
Probable and Possible: $5,489,900
TOTAL: $12,194,800
Remember, these dollar totals are from a petrol engineer’s report for only two of AGYP’s well sites. And they are at much cheaper than current market prices.
In its Q2 OTC filing, AGYP moved all of its free cash flow for investing activities — or $224,563 — back into re-investment into its oil and gas properties. The impact of AGYP’s two supplemental filings on oil reserves with the OTC is making itself felt in steadily rising prices for the stock — as oil and gas reserves at the well sites have been documented. Links to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
https://topnewsguide.com/2021/09/21/allied-en...portunity/
