Value Comes Back to Oil & Gas Equities ($HNRC, $CL
Post# of 18238
The energy sector's 12-month performance has made it one of the few positive stories in the bleak markets gaining 28%. The recent drop in oil prices has allowed some value to come back into equities in the sector. There are a few investors should start researching today.
Allied Energy Corp (OTCMKTS: AGYP), recently expanded its natural gas holdings through the acquisition of the Thiel Lease and Well. The Thiel Well was drilled by Union Pacific Resources in 1996 and is located near Brenham Texas. The Thiel Well was drilled as a dual lateral well and, when completed, reported an absolute open flow rate of 44,000,000 cubic feet of natural gas per day. During its first 3 years of operation, the Thiel Well produced approximately 3,000,000,000 cubic feet of natural gas to date.
Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon-bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States.
https://m.marketscreener.com/quote/stock/CLEA...-40956029/