$AGYP's short volume on Tuesday was 64%. Here's the link to the offical data: http://regsho.finra.org/FORFshvol20210504.txt
(search for AGYP)
Out of 682,643 shares traded, 438,456 were labeled as SHORT by Finra. This shows that there has been significant shortselling activity in AGYP stock and that very likely there is a shortseller here with an incredibly large position that needs to be covered at some point! 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!
Others besides me are recognizing the short activity in AGYP and the potential squeeze in our near future! https://www.marketwatch.com/press-release/why-allied-energy-otc-us-agyp-bears-may-face-tough-times-ahead-2021-05-03?mod=mw_quote_news_seemore
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 is getting more aggressive. More aggressive could very well mean he is more desperate! He doesn't want AGYP to go up.
The average daily short percentage for AGYP was 55.71% during the last week of April! (last week)
But I do want $AGYP to go way way up. In fact I think this ticker will see dollars in 2021. There are many AGYP market bulls. There are entire rooms dedicated to shortsqueezing $AGYP.
Another thing in $AGYP bulls favor is that oil prices are skyrocketing! USA Crude Oil is up well over $66 per barrel this morning. https://markets.businessinsider.com/commodities/oil-price?type=wti&op=1
Imagine if oil goes back to $80-100 range as some experts predict it does under the Biden administration.
AGYP is starting NEW OIL PRODUCTION soon in addition to their existing business.
$AGYP is reworking formerly producing wells that shut down pre 2000 and using the latest technology and strategies to give back new life to these old wells to produce oil cost effectively.
Shorty MUST be getting more and more jittery! Recently $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 $66 as of this morning!!?
$AGYP is also getting more and more attention from around the web. Take a look!
Allied Energy (OTCMKTS:AGYP) is interesting because it provides a different path to increased production and one that carries messaging far more likely to appeal to the climate change agenda than traditional producers.
The company most recently announced that it signed the final agreement contract with Energy Management Resources, LLC and has acquired an 80% stake in an initial two northern Texas oil wells identified as the "Palo Pinto #1" and "Palo Pinto #2" wells. Allied Energy's land position will allow the company to develop up to ten additional wells in the surrounding Baylor County Texas area known locally as the "Green Lease."
According to its release, Allied is pleased to inform its valued shareholders that this acquisition was completed through a non-dilutive, all-cash purchase and immediately adds significant value to Allied's bottom line as a new asset on the books.
For many reasons, you can expect Allied Energy to continue to grow and expand. Palo Pinto #1 and Palo Pinto #2 are not the final acquisitions. It is reasonable to expect Allied Energy to have a considerable amount of oil wells in this region within the next few years. Compared to other oil companies, they have gained more attention and garnered more recognition.
Allied Energy’s CEO George Montieth feels optimistic about the future and what the new well brings their company despite these challenges. When asked about the well, Montieth said that “Byers Hiers #2 Well had near term potential to produce significant revenue for Allied”. The investors and management team at Allied have hope that this new well will compete well with their other previous projects, which entailed between 91 and 122 barrels per day after completing their work on the site.
There’s Palo Pinto, that can produce 30 barrels a day. Mississippi can produce up to 50 barrels per day, and Caddo has the capability to produce 40 barrels today. Allied Energy hopes to use the resourcefulness of the area to their advantage to increase their oil production and continue their mission to renovate energy sources using the best technology possible.
They aim to deliver the highest quality petroleum to the market in an environmentally sustainable fashion. They scout and source areas of bypassed oil and gas to go back into production and steadily engage with their shareholders for the best return on their investment, of which there are 420,000 wells in the U.S. They use updated techniques such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones and specific electric logging to discover bypassed pays. Allied Energy Corp (OTCBB :AGYP) believes there is a stream of untouched potential beneath the grounds that were missed nearly 30 years ago.
9. Some various Penny Stock News Trading sites that have picked it up https://pennystocks.news/allied-energy-corporation-agyp-issues-updates-on-palo-pinto-pre-production-activities-agyp/ https://www.247pennystocks.com/2021/04/15/technicals-indicates-that-more-traders-are-buying-agyp-than-selling/ https://pennystocks.news/allied-energy-corp-agyp-announces-key-agreement-acquires-80-revenue-interest-agyp/
14. A really nice video overview of $AGYP
Watch the chart for a continued bullish UPTREND and a near-term POP above recent highs (.70). Let's keep the pressure on this short. He will crack. And when he does it will be all of us $AGYP bulls dancing in the street! Oil is so hot and $AGYP is there to capitalize!