Allied Energy Corp (AGYP)

[Slimer84]

$AGYP daily short volume is 52.87% average throughout the month of April. This means more than HALF of every single day's volume is being SHORTED by SHORTSELLERS.

Many ihubbers have noticed that there is a large short position on this stock. Some speculate that the shortseller needs to cover between 5-10m shares all the while the price of OIL continues to move higher and $AGYP begins OIL PRODUCTION. Some experts are calling for crude oil prices between $80-$100 per barrel!

Look at these short statistics from for the month of April: https://www.otcshortreport.com/company/AGYP



Taking every day in April thus far yields a staggering 52.87% daily average. There is a short dug in deep here. As we consider the shorting in this stock let's also consider why this may be the perfect storm brewing for a truly epic SHORT SQUEEZE:

OIL STOCKS ARE GEARING TO BREAKOUT IN 2021!

Have you been watching the soaring price of oil? Under the Biden administration it is ripping higher! USA crude oil is well 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!



https://www.barrons.com/articles/100-oil-more-possible-energy-stocks-monster-upside-51614272755

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!

Niche USA oil producers are going to be insanely hot because of this massive uptrend in oil. We know that oil is a sector where the oil commodity itself might rise by 20% but well-positioned oil stocks might rise 200-400% as investors flock to this hot sector!


RECENT NEWS FOR $AGYP SHOWS REAL AND SIGNIFICANT OIL PRODUCTION IS COMING SOON!

Just check out some of these recent titles here and you get a fast but substantive overview of all that $AGYP has been achieving so far in 2021! OIL PRODUCTION IS COMING THIS MONTH! https://www.barchart.com/stocks/quotes/AGYP/news

Allied Energy Corp. Updates on Palo Pinto Pre-Production Activities and Expands Leases at Byers Heirs Property Newsfile Corp - Thu Apr 15, 8:34AM CDT

Carrollton, Texas--(Newsfile Corp. - April 15, 2021) - Allied Energy Corp. (OTC Pink: AGYP), an energy company focused on acquiring and reworking oil and gas reserves in the most prolific hydrocarbon...

Allied Energy Signs Binding Agreement and Acquires 80% Revenue Interest in Multiple Northern Texas Oil Wells Newsfile Corp - Mon Mar 22, 7:30AM CDT

Carrollton, Texas--(Newsfile Corp. - March 22, 2021) - Allied Energy Corp. (OTC Pink: AGYP), an energy company focused on acquiring and reworking provable oil and gas reserves in the most prolific hydrocarbon...

Allied Energy Hires Prominent Oil Operations Manager Curtis William Boyles to Oversee Lease Acquisitions, Site Licensing, Team Management and New Oil Production Newsfile Corp - Mon Mar 15, 7:32AM CDT

Carrollton, Texas--(Newsfile Corp. - March 15, 2021) - Allied Energy Corp. (OTC Pink: AGYP), an energy company focused on acquiring and reworking provable oil and gas reserves in the most prolific hydrocarbon...

Allied Energy Corp. Announces Immediate Plans to Acquire Majority Ownership of Two Producing Oil Wells Newsfile Corp - Thu Mar 4, 7:41AM CST

Carrollton, Texas--(Newsfile Corp. - March 4, 2021) - Allied Energy Corp. (OTC Pink: AGYP) has signed an agreement with a premier partner in the Texas oil industry to pursue an immediate relationship concerning...

Allied Energy Forecasts Near Term Production At The New Byers Heirs Well Project Newsfile Corp - Thu Feb 11, 11:37AM CST

Carrollton, Texas--(Newsfile Corp. - February 11, 2021) - Allied Energy Corp. (OTC Pink: AGYP), an energy company focused on acquiring and reworking provable oil and gas reserves in the most prolific hydrocarbon...

$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.

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.

COULD $AGYP BECOME THE NEXT SHORT SQUEEZE $GME STYLE!!!!!!!!!!??????

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

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.

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.

Here is a good video that describes the $GME short squeeze:

If you look at the past few sessions of short activity you can see the short on AGYP is getting more aggressive. More aggressive could very well mean he is more desperate! He doesn't want $AGYP to go up. 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!

But I do. And many $AGYP market bulls do, too. There are entire rooms dedicated to shortsqueezing AGYP.

So to recap here's why $AGYP may be the perfect storm for a huge short squeeze:

1. Massive short position is here on AGYP
2. AGYP Stock beaten down by shorts over past 2 months from recent highs and now at strong support levels
3. AGYP is in a blazing WHITE HOT market sector and about to begin OIL PRODUCTION

Perfect storm, my friends. Perfect. Storm. $AGYP