With Hurricane Ida hammering the Gulf Coast, crude oil production in the area will be impacted. The Bureau of Safety and Environmental Enforcement reported Sunday that 95.65% of the Gulf Coast’s crude-oil production, or 1.741 million barrels a day, was shut down, as well as 93.75% of the region’s natural gas production.
This effect in supply should raise the price of WTI Crude.
This will affect stateside oil & gas securities a few to keep an eye on are:
Allied Energy Corporation (OTCMKTS:AGYP)
The oil & gas explorer with their closest to production projects located in North Texas, could be oversold and the stock is hitting several BUY indicators according to barchart:
20-200 day MACD Oscillator
50-100 day MACD Oscillator
50-150 day MACD Oscillator
50-200 day MACD Oscillator
100-200 day MACD Oscillator
According to barchart, the stock is sitting above the $0.279 support level, generally a great area to begin accumulating shares.
Trophy Resources Inc. (OTCMKTS:TRSI)
Trophy Resources, Inc. operates as an independent natural resource company in North America. Its oil interests are in the Fort Worth Basin in central Texas and the Casper Arch/Wind River Basin in Wyoming.
The stock is hitting several BUY indicators according to barchart.
20-50 day MACD Oscillator
20-100 day MACD Oscillator
20-200 day MACD Oscillator
50-200 day MACD Oscillator
100-200 day MACD Oscillator
Barchart shows the first support level at $0.0081.
Amplify Energy Corp. (NYSE:AMPY)
A US-based independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas; is hitting several buy indicators according to barchart.
20-100 day MACD Oscillator
20-200 day MACD Oscillator
50-100 day MACD Oscillator
50-150 day MACD Oscillator
50-200 day MACD Oscillator
100-200 day MACD Oscillator
Barchart shows the first support level at $3.72.
PHX Minerals Inc. (NYSE:PHX)
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. PHX is hitting several barchart BUY indicators.
50-100 day MACD Oscillator
50-150 day MACD Oscillator
50-200 day MACD Oscillator
100-200 day MACD Oscillator
Barchart shows the first support level at $2.59.
