Gearing up for a big move here! #Oil #ShortSqueeze #SharesReduction
https://alliedengycorp.com/

Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html

Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/

AGYP has strong management and leadership and transparency

With only 47M in the float!

Quote:
REMINDER: OUTSTANDING SHARES NO CHANGE SINCE MARCH 2021 (from OTCMarkets.com) = No Dilution https://bit.ly/3BlMCfX
https://www.otcmarkets.com/stock/AGYP/security
$AGYP

AGYP currently oversold territory.

Quote:
AGYP will rebound from its oversold area https://stockcharts.com/c-sc/sc?s=AGYP&p=D&yr=0&mn=3&dy=0&i=t1813994140c&r=1651070389957

Recap of yesterday's article for anyone that may have missed it >>

5 Permian Plays With Big Potential (AGYP, REI, CDEV, APA, OXY)

https://www.marketscreener.com/quote/stock/RING-ENERGY-INC-14141374/news/5-Permian-Plays-With-Big-Potential-AGYP-REI-CDEV-APA-OXY-39977188/

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.

AGYP stock has been attacked for a year and recently added up the Finra data short numbers for the last twelve months.

What we found blew us away, so far over 47.5 million shares shorted in one year and there are only 36,276,187 shares held at DTC as of 3/7/22.

More troubling is the fact that 36.2 million shares held in DTC for the entire year while they have shorted over 47 m shares.

That means that they have shorted the 13 million shares that we have not controlled in AGYP over 3.65 times in one year

No issuances have been done in a year so it's not dilution, AGYP is just being savagely attacked by naked shorts. I have never ever seen it to this degree even remotely

https://pitchbook.com/profiles/company/482181-67#overview

AGYP up on the Breakout Boards!

$AGYP

Absolutely, and with the sanctions on Russia it is only going to go up.

Quote:
Oil is the up and coming sector to bet on this quarter. Look up the comparables.
$AGYP