BB's Stock Haven

[Slimer84]

4 BIG REASONS $AGYP could MOON in 2021:

1. The Coming Short Squeeze

$AGYP short volume was 72.4% on Monday even though the stock closed up about 10%. Looking back over the past several days of trading you can see that short volume on $AGYP is well above 50% every day.

The more bulls pressure him here, the more pressure he will feel to buy back all his stock at higher prices and drive the stock price to new highs!



What is a short squeeze? https://www.investopedia.com/terms/s/shortsqueeze.asp

$GME recently moved up from $2.57 to a staggering $483 per share! How did this happen? SHORT SQUEEZE.

Some ihubbers have speculated that the short position on $AGYP could be as high as 10 MILLION SHARES. Can you imagine what will happen if he is forced to cover ALL those shares in a day or two? AGYP is already a very small float. Where is the shortseller going to find all those shares necessary to cover his position? This could be the perfect storm brewing to drive $AGYP to the $3-5 range.


2. The Oil and Gas Sector is HOT

Have you been watching the soaring price of oil? Under the Biden administration it is ripping higher! USA crude oil is over $60 per barrel and seems to be in an uptrend showing no signs of pullback. Not only is it the Biden administration it's also a nation coming out of quarantine that wants to live and travel again. Oil is going to be the place to be throughout 2021!

Barclay's is calling for $67 per barrel throughout 2021 https://oilprice.com/Energy/Oil-Prices/Barclays-Now-Sees-Brent-Crude-At-67-In-2021.html

And Goldman is calling for $70 oil in Quarter 2 of 2021!!! SEVENTY DOLLARS PER BARREL!

3. The Efficiency of Reworking Old Wells with New Technology

$AGYP isn't spending huge amounts of time and vast amounts of money searching and drilling for new wells. They are using 21st century technology to rework and recomplete 20th century wells that stopped production pre 2000.

Recent press here https://finance.yahoo.com/news/allied-energy-corporation-provides-shareholders-134000387.html states:

The Company is using cutting-edge technology in order to rework and "recomplete" these proven wells in order to bring them back online to a production capacity at least equal to and in some cases significantly more than what these wells had formerly been producing.

And from their website here https://alliedengycorp.com/

Allied Energy Corporation is committed to the sourcing and supplying of petroleum resources to the market by exploiting existing shut in wells that are deemed to hold good potential to be productive again at 10-50 barrels per day.

Allied’s team believes that there is a vast untapped resource waiting to be brought back on stream using the latest technology in electric logs to identify productive formations that were missed 25 – 30 years ago.

New down hole drilling and completion techniques will allow Allied to maximize production from these old shut-in wells and in turn enhance return on investment dollars.

This allows Allied to develop wells that have known reserves and the basic infrastructure is already in place, with no new damage to the environment while supplying additional petroleum resources to the market.

With the Byers Heirs well projects coming online in March to join already existing business we are looking at significant daily oil production with $AGYP!


4. The Bullish $AGYP chart

If you remain unimpressed by all the fundamentals at work here one look at a recent $AGYP chart will give you good reason to think that bulls are in the house!

From https://stockcharts.com/h-sc/ui?s=AGYP



Notice yesterday's bullish green candle and how it made higher highs and higher lows.

Taking these 4 BIG REASONS (there are more though) I believe that $AGYP has the potential for a real moonshot before the summer of 2021!