$AGYP ~ Cheap Energy Stocks Watchlist: SDRLF, RECA
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https://topnewsguide.com/2021/10/01/cheap-ene...borr-agyp/
Oil and gas prices are at 3 year highs and investors are looking for ways to take advantage. Here are 5 stocks every investor should have on their watchlist .
Seadrill Ltd (OTCMKTS:SDRLF) stock had a roller coaster ride between June and July. The stock has was hovering around 25 cents earlier this year for the first 6-month. However, the stock had a sudden big move by the end of June and the SDRLF stock soared all the way from 25 cents to hit a new 52-week high of $1.40 by mid of July. That’s an 450% jump in a matter of 3-week. The stock could not sustain its gain and pulled back to its previous price of 25 cents in the next 2 weeks. Since then, the stock has been trending lower and now hovering around 22 cents.
Reconnaissance Energy (Africa) Ltd (OTCMKTS:RECAF) is one of the most popular low value stocks so far this year. The stock has been gaining momentum since the beginning of the year with a jump of 208%. Moreover, the stock has skyrocketed 570% over the past year. ReconAfrica CEO Scot Evans was hosted at a Goldman Sachs event this month, suggesting the company was in talks with potential partners. Someone leaked a recording of the talk. ReconAfrica is “quite actively” looking at ways to graduate to a more senior exchange, he said. He declined to give specifics about which exchange it might be considering.
Petrogress Inc (OTCMKTS GAS) stock has more than doubled so far this year and made a new 52-week high of $0.32 earlier this year. Earlier this year, the company announced that its wholly owned subsidiary, Petronav Carriers LLC. on February 10th 2021, entered into partnership agreement (PSA) with B&CREW Anchor Investment Nig Ltd.
Borr Drilling Ltd (NYSE:BORR) stock has been trending higher in the past week with a jump of over 10%. Moreover, the stock has soared 55% in the past year. Earlier this month, the company had secured a Letter of Award (“LOA”) for the premium jack-up drilling rig “Mist” from an undisclosed operator in Southeast Asia.
Allied Energy Corp. (OTCMKTS:AGYP) deserve a look from oil and gas investors as they have struck oil on their leased well sites located in Texas. Global energy prices are at 3 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit.