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This is still getting lots of buzz on social media.
$AGYP
TopNewsGuide: Allied Energy Corp. (OTCMKTS:$AGYP) Tapping Untapped US Oil
According to a report from Rystad Energy, the US has more untapped oil reserves than Saudi Arabia and Russia. The report estimated 264 billion barrels of oil reserves. This includes oil that is in existing fields, new projects, recent discoveries and projections.
With geopolitical concerns growing and price fluctuations caused by uncertainty the need to tap these resources is more apparent than ever.
The biggest source of this oil is previously unreachable oil that a decade ago nobody would've dreamt of being able to extract. This caused many previously plugged wells to become valuable again.
Now some companies are starting to target these old wells, with new techniques, to extract more oil and help solve our nation's oil problem.
One such company is Allied Energy Corporation (OTCMKTS:AGYP). The company has around a dozen projects in place, with several wells at each, and this year alone has hit oil on 5 of those wells.
The company is just getting started.
AGYP's entire corporate strategy is based on acquiring previously producing wells, that they believe have untapped resources. 2021 was the company's first year of operations and it is off to a fantastic start.
Two projects have proven AGYP's strategy is a winner. Both are located in the historic Permian Basin. Earlier this year, geological studies showed the company has close to $35 million in reserves.
The Green Lease, and Annie Gilmer Lease; have both had wells commence production. This looks to be just the start. Toward the end of 2021, the company started to show progress from its latest acquisition the Prometheus Project. The well they are currently working Well 1-H has been featured on the company's Twitter feed. The Prometheus project once produced close to 350 barrels of oil and 300,000 cubic feet of natural gas daily.
Why Oil Companies Like AGYP Can Be Good Plays in 2022
The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. However, the IEA say there may be no return to "normal" for the oil market in the post-Covid era.
The outlook for oil demand has shifted lower due to reduced travel, and more remote work. Governments follow through with strong policies to hasten the shift to clean energy. This may lead to a shortfall in investment, which could lead to a shortfall in supply.
This shortfall in supply will lead to higher prices, and demand is expected to at least stay stable; producers will benefit.
The oil companies that will take the biggest hit are most likely early-stage exploration companies; and overweight oil giants. Independent producers like AGYP could be the biggest beneficiaries of the current market conditions.
Make sure to put AGYP on your watchlist.
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/TopNewsGuide-Allied-Energy-Corp-OTCMKTS-AGYP-Tapping-Untapped-US-Oil-37459139/
TopNewsGuide: Allied Energy Corp. (OTCMKTS:$AGYP) Tapping Untapped US Oil
According to a report from Rystad Energy, the US has more untapped oil reserves than Saudi Arabia and Russia. The report estimated 264 billion barrels of oil reserves. This includes oil that is in existing fields, new projects, recent discoveries and projections.
With geopolitical concerns growing and price fluctuations caused by uncertainty the need to tap these resources is more apparent than ever.
The biggest source of this oil is previously unreachable oil that a decade ago nobody would've dreamt of being able to extract. This caused many previously plugged wells to become valuable again.
Now some companies are starting to target these old wells, with new techniques, to extract more oil and help solve our nation's oil problem.
One such company is Allied Energy Corporation (OTCMKTS:AGYP). The company has around a dozen projects in place, with several wells at each, and this year alone has hit oil on 5 of those wells.
The company is just getting started.
AGYP's entire corporate strategy is based on acquiring previously producing wells, that they believe have untapped resources. 2021 was the company's first year of operations and it is off to a fantastic start.
Two projects have proven AGYP's strategy is a winner. Both are located in the historic Permian Basin. Earlier this year, geological studies showed the company has close to $35 million in reserves.
The Green Lease, and Annie Gilmer Lease; have both had wells commence production. This looks to be just the start. Toward the end of 2021, the company started to show progress from its latest acquisition the Prometheus Project. The well they are currently working Well 1-H has been featured on the company's Twitter feed. The Prometheus project once produced close to 350 barrels of oil and 300,000 cubic feet of natural gas daily.
Why Oil Companies Like AGYP Can Be Good Plays in 2022
The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. However, the IEA say there may be no return to "normal" for the oil market in the post-Covid era.
The outlook for oil demand has shifted lower due to reduced travel, and more remote work. Governments follow through with strong policies to hasten the shift to clean energy. This may lead to a shortfall in investment, which could lead to a shortfall in supply.
This shortfall in supply will lead to higher prices, and demand is expected to at least stay stable; producers will benefit.
The oil companies that will take the biggest hit are most likely early-stage exploration companies; and overweight oil giants. Independent producers like AGYP could be the biggest beneficiaries of the current market conditions.
Make sure to put AGYP on your watchlist.
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/TopNewsGuide-Allied-Energy-Corp-OTCMKTS-AGYP-Tapping-Untapped-US-Oil-37459139/
5 Permian Plays With Big Potential ($AGYP, $REI, $CDEV, $APA, $OXY)
Oil prices remain firmly above $100 per barrel as the Ukraine conflict continues to affect supply globally. In the United States, this has led to increased production at the nation's most active oil field, the Permian Basin, located in southeast New Mexico and West Texas.
Tightened supply has coincided with increased demand as COVID-19 subsides, creating a cocktail of opportunity for all involved in the extraction of 'Texas tea.'
The rising prices of oil have created increased fundamental valuation for securities in the sector. Permian-based stocks could be the biggest beneficiaries of this boost in value.
-Allied Energy Corp. (OTCMKTS: AGYP), for instance, is an oil-producing Permian play, the company holds several leases in the region but has production interest at 3 primary locations:1. Green Lease2. Gilmer Lease3. Prometheus Lease
Both the Green Lease and Gilmer Lease had assessments completed last summer, the recent market conditions have made a major change in the value of AGYP's reserves:
GREEN LEASE:
July 2021 Assessment ($46.26 per barrel): $20,563,100
Post Ukraine Conflict Value ($110 per barrel): $48,896,260
GILMER LEASE:
July 2021 Assessment ($46.26 per barrel): $12,194,800
Post Ukraine Conflict Value ($110 per barrel): $28,997,578
The current market conditions have increased the value of these two leases by 140%. Around the time of the report, AGYP's share price was at 47 cents. Currently, the stock trades at roughly half that price.
Considering the company's reserves are much more valuable now, and AGYP is currently producing, this represents value potential for investors. Before, the assessment represented 'potential', now the company is selling its oil, with oil prices near highs, this could mean a major bump in the company's bottom line.As more investors seek Permian plays with profit potential, AGYP will certainly draw interest.
-Ring Energy, Inc. (NYSE:REI), is another Permian penny stock worth pursuing. The company released its 2021 FY financials and 2022 guidance last month. Highlights from the report include:
-Reported net income of $24.1 million, or $0.20 per diluted share, in the fourth quarter of 2021, up 70% compared with net income of $14.2 million, or $0.12 per share in the third quarter of 2021;
-Net income for full year 2021 was $3.3 million, or $0.03 per diluted share, compared with a loss of $253.4 million or $3.48 per share, in full year 2020;
-Posted Adjusted Net Income1 of $9.9 million, or $0.10 per share, for the fourth quarter of 2021, up 46% compared with $6.8 million, or $0.07 per share, in the third quarter of 2021;
-Adjusted Net Income for the full year 2021 was $30.6 million, or $0.31 per share, up 48% from $20.7 million, or $0.28 per share, in full year 2020;
REI projects it will sell between 7,200 and 7,400 barrels of oil daily in Q1. Considering it has been a record quarter for oil prices, investors may be anxious to see if these numbers come to fruition.
-Centennial Resource Development, Inc. (Nasdaq: CDEV) is another Permian play reporting 2021 FY and 2022 guidance. Its announcement came in February, highlights from the report include:-Announced $350 million stock repurchase program
-For the full year 2021, CDEV generated net cash from operating activities of $525.6 million and free cash flow of $206.7 million.
-CDEV reported full-year net income of $138.2 million, or $0.46 per diluted share, compared to a net loss of $682.8 million, or $(2.46) loss per diluted share, in 2020. -Repaid $180 million in borrowings during the fourth quarter
-Entered into a new $750 million, five-year revolving credit facility
CDEV plans to double its free cash flow in 2022 to $400 million.
Other Permian plays with profit potential include APA Corporation (Nasdaq: APA) and Occidental Petroleum (NYSE: OXY) although they are not pure Permian plays like CDEV, REI and AGYP.
https://www.marketscreener.com/quote/stock/RING-ENERGY-INC-14141374/news/5-Permian-Plays-With-Big-Potential-AGYP-REI-CDEV-APA-OXY-39977188/
5 Permian Plays With Big Potential ($AGYP, $REI, $CDEV, $APA, $OXY)
Oil prices remain firmly above $100 per barrel as the Ukraine conflict continues to affect supply globally. In the United States, this has led to increased production at the nation's most active oil field, the Permian Basin, located in southeast New Mexico and West Texas.
Tightened supply has coincided with increased demand as COVID-19 subsides, creating a cocktail of opportunity for all involved in the extraction of 'Texas tea.'
The rising prices of oil have created increased fundamental valuation for securities in the sector. Permian-based stocks could be the biggest beneficiaries of this boost in value.
-Allied Energy Corp. (OTCMKTS: AGYP), for instance, is an oil-producing Permian play, the company holds several leases in the region but has production interest at 3 primary locations:1. Green Lease2. Gilmer Lease3. Prometheus Lease
Both the Green Lease and Gilmer Lease had assessments completed last summer, the recent market conditions have made a major change in the value of AGYP's reserves:
GREEN LEASE:
July 2021 Assessment ($46.26 per barrel): $20,563,100
Post Ukraine Conflict Value ($110 per barrel): $48,896,260
GILMER LEASE:
July 2021 Assessment ($46.26 per barrel): $12,194,800
Post Ukraine Conflict Value ($110 per barrel): $28,997,578
The current market conditions have increased the value of these two leases by 140%. Around the time of the report, AGYP's share price was at 47 cents. Currently, the stock trades at roughly half that price.
Considering the company's reserves are much more valuable now, and AGYP is currently producing, this represents value potential for investors. Before, the assessment represented 'potential', now the company is selling its oil, with oil prices near highs, this could mean a major bump in the company's bottom line.As more investors seek Permian plays with profit potential, AGYP will certainly draw interest.
-Ring Energy, Inc. (NYSE:REI), is another Permian penny stock worth pursuing. The company released its 2021 FY financials and 2022 guidance last month. Highlights from the report include:
-Reported net income of $24.1 million, or $0.20 per diluted share, in the fourth quarter of 2021, up 70% compared with net income of $14.2 million, or $0.12 per share in the third quarter of 2021;
-Net income for full year 2021 was $3.3 million, or $0.03 per diluted share, compared with a loss of $253.4 million or $3.48 per share, in full year 2020;
-Posted Adjusted Net Income1 of $9.9 million, or $0.10 per share, for the fourth quarter of 2021, up 46% compared with $6.8 million, or $0.07 per share, in the third quarter of 2021;
-Adjusted Net Income for the full year 2021 was $30.6 million, or $0.31 per share, up 48% from $20.7 million, or $0.28 per share, in full year 2020;
REI projects it will sell between 7,200 and 7,400 barrels of oil daily in Q1. Considering it has been a record quarter for oil prices, investors may be anxious to see if these numbers come to fruition.
-Centennial Resource Development, Inc. (Nasdaq: CDEV) is another Permian play reporting 2021 FY and 2022 guidance. Its announcement came in February, highlights from the report include:-Announced $350 million stock repurchase program
-For the full year 2021, CDEV generated net cash from operating activities of $525.6 million and free cash flow of $206.7 million.
-CDEV reported full-year net income of $138.2 million, or $0.46 per diluted share, compared to a net loss of $682.8 million, or $(2.46) loss per diluted share, in 2020. -Repaid $180 million in borrowings during the fourth quarter
-Entered into a new $750 million, five-year revolving credit facility
CDEV plans to double its free cash flow in 2022 to $400 million.
Other Permian plays with profit potential include APA Corporation (Nasdaq: APA) and Occidental Petroleum (NYSE: OXY) although they are not pure Permian plays like CDEV, REI and AGYP.
https://www.marketscreener.com/quote/stock/RING-ENERGY-INC-14141374/news/5-Permian-Plays-With-Big-Potential-AGYP-REI-CDEV-APA-OXY-39977188/
$AGYP Allied CEO George Montieth commented: "On February 24, 2022, I told the investing public my aim was to reduce the number of shares and I am now beginning that process. Allied's share structure has remained unchanged for over a year, and I’ve recently made strategic moves to effect a reduction in our outstanding shares. I believe in increasing shareholder value and have the best interest of our stakeholders in mind. Continue monitoring OTCMarkets for updates on our share structure reduction. Regarding our increasing oil production, I'll have more updates from the oil fields, soon. Business development continues in earnest."
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772
$AGYP Allied CEO George Montieth commented: "On February 24, 2022, I told the investing public my aim was to reduce the number of shares and I am now beginning that process. Allied's share structure has remained unchanged for over a year, and I’ve recently made strategic moves to effect a reduction in our outstanding shares. I believe in increasing shareholder value and have the best interest of our stakeholders in mind. Continue monitoring OTCMarkets for updates on our share structure reduction. Regarding our increasing oil production, I'll have more updates from the oil fields, soon. Business development continues in earnest."
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772
$AGYP security details https://www.otcmarkets.com/stock/AGYP/security
$AGYP security details https://www.otcmarkets.com/stock/AGYP/security
Funny how you don't seem to mention when this has big buying pressure...
$AGYP
Consolidating in the teens before next leg up.
$AGYP
I agree must take advantage of these super cheap prices.
$AGYP
This is a load & hold for now.
$AGYP
$AGYP massively undervalued play with confirmed oil production and sales.
$AGYP massively undervalued play with confirmed oil production and sales.
Support in teens range holding up strong.
$AGYP
Watching for consolidation to end so we can move to the next level up.
$AGYP
$AGYP getting lots of buzz. https://investorshub.advfn.com/boards/tcloud.aspx
$AGYP getting lots of buzz. https://investorshub.advfn.com/boards/tcloud.aspx
Another loading day..
$AGYP
Absolutely agree! To note, oil prices are heading back into the $130 range!
"Realistically they'd most likely wait to post production numbers once Oil prices are close to their peak. Higher Oil prices means higher revenue stream."
$AGYP
$AGYP check out latest updates regarding common shares retirement and oil sales.
https://www.otcmarkets.com/stock/AGYP/news
Latest updates were in May regarding common shares retirement and oil sales.
https://www.otcmarkets.com/stock/AGYP/news
$AGYP
Awesome buying opportunity under .20
$AGYP
$AGYP 52wk high = .83, current pps = .162
$AGYP 52wk high = .83, current pps = .162
$AGYP Company has recently executed documents to retire 2,480,000 unrestricted common shares of AGYP stock. This retirement represents a 4% reduction in the authorized shares of the company.
Confirmation of this retirement will reflect on the OTCMarkets' “Security Details" tab and specifically the “Outstanding Shares”, “Unrestricted” and “Held at DTC” sections will be reduced by 2,480,000. The company’s Transfer Agent VStock will facilitate the retirement of the shares. The company will continue to update shareholders regarding share structure changes.
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772
$AGYP Company has recently executed documents to retire 2,480,000 unrestricted common shares of AGYP stock. This retirement represents a 4% reduction in the authorized shares of the company.
Confirmation of this retirement will reflect on the OTCMarkets' “Security Details" tab and specifically the “Outstanding Shares”, “Unrestricted” and “Held at DTC” sections will be reduced by 2,480,000. The company’s Transfer Agent VStock will facilitate the retirement of the shares. The company will continue to update shareholders regarding share structure changes.
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772
To be frank this has a history of buying surges near eod.
$AGYP
Expecting an update soon regarding that potential up-list.
$AGYP
Diamond in the rough play.
$AGYP
$AGYP is an energy development and production company committed to the sourcing and supplying of petroleum resources. Working to produce American oil, this company is accessing existing, abandoned oil and gas wells in the using new technology. Given its commitment to shareholders, AGYP could earn a place among the top energy penny stocks especially as the oil market causes bullish investors to anticipate great progress for the company this year.
https://alliedengycorp.com/
$AGYP is an energy development and production company committed to the sourcing and supplying of petroleum resources. Working to produce American oil, this company is accessing existing, abandoned oil and gas wells in the using new technology. Given its commitment to shareholders, AGYP could earn a place among the top energy penny stocks especially as the oil market causes bullish investors to anticipate great progress for the company this year.
https://alliedengycorp.com/
.14 is bottom
$AGYP
This is churning green.
$AGYP
Bids moving up and I'm seeing a continuation of strong accumulation.
$AGYP
Strong accumulation in the teens!
$AGYP
Yep, they know that AGYP is rebounding. Glad to see you agree.
Yes, it is. Interesting accumulation here today.
Checked that out and it does not come up for me. You probably copied and pasted nonsense from somewhere else, like much of your posts. Prior to this the link you supplied was from the company website.