Oil is $65+ and $AGYP is ready to capitalize with oil production coming online! 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!
$AGYP recently tweeted this: https://twitter.com/AlliedEnergyCo1/status/1387832208774377478
They are at the Palo Pinto Well gearing up for production THIS 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 $65 per barrel?
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!
$AGYP is the best OTC oil pick for 2021!