$AGYP Oil Production Means SHORTS FRY!!!
Even though $AGYP is obviously making all the right OIL PRODUCTION moves, the SHORTSELLERS are still trying to have their way with this one. Look at how high the percentage of short volume has been EVERY DAY this week!
Shorty MUST be getting more and more jittery! Yesterday $AGYP tweeted this: https://twitter.com/AlliedEnergyCo1/status/1387832208774377478
They are at the Palo Pinto Well gearing up for production next week! Look at this recent press!
1. $AGYP hired a stellar oil opertions manager to oversee production projects: https://finance.yahoo.com/news/allied-energy-hires-prominent-oil-123000012.html
2. $AGYP acquired a majority stake in more wells: https://finance.yahoo.com/news/allied-energy-signs-binding-agreement-123000957.html
3. $AGYP receied P4 and P5 approval and has begun moving equipment to the Palo Pinto well site: https://finance.yahoo.com/news/allied-energy-corp-updates-palo-133300973.html
What do you think happens when $AGYP begins production with USA CRUDE OIL trading well above $60? SHORT EFFIN SQUEEZE!!!
The $AGYP chart is showing a significant break from the downtrend on substantial volume this week.
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.
$AGYP is in the right sector at the right time: OIL!!! It's red hot!
$AGYP has a shortseller dug in with a massive position just waiting to be forced to cover!
$AGYP is about to begin OIL production!
$AGYP chart is showing a NEW UPTREND!
This could see multiple dollars, people. $AGYP.