Allied Energy Corp (AGYP)

[GoinGreen]

Update for those just joining us! Over 48 million shares shorted in the last twelve months on AGYP is ridiculous and criminal. Why on earth would they feel the need to short $15 million dollars worth of stock in the last year?

Answer (my opinion): They went naked short early last year on the initial run and thought the company would dilute, they haven't. Now they are buried in this stock paying 25.26% borrow rates on a massive amount of naked shares (my guess would be 35-40 million naked shares).

Anyone watching the stock trade can see its being heavily played with by a few market makers PUMA, CFGN, CDEL and INTL...

Problem for them is you now have a producing oil company that isn't issuing shares. In fact, they go deeper every single day.

https://otcshortreport.com/company/AGYP

I have gone back an added up the short positions for the entire year from Finra's data and it is indeed over 47 million shares shorted. Multiply that by an average of $.325 and what do you get???

$15,275,000

3 wells are running 3 more will be running shortly, then drilling starts on their other sites!

Loads of proven oil reserves at their sites!

https://www.otcmarkets.com/otcapi/company/financial-report/279883/content

Proven reserves at two of their three lease sites with current oil per barrel at $115 means this company has well over $100 million in oil reserves on their properties. As the war in Ukraine continues we are going to see prices for oil likely go higher and higher. Not to mention if Russia cuts off supply to Germany and others. CNBC today said $200 per barrel was possible, so even at 200 bpd (based on what I am hearing I expect more than 200 bpd in short order) AGYP at current prices will be looking at profits of over $6 MILLION DOLLARS ANNUALLY!

At a x10 valuation which is low for a micro cap this stock is looking at a valuation of around $1.04 - at a x20 which is far more realistic AGYP would be looking at a valuation of closer to $2.08 per share...