In the past week, the Southwestern Energy Company (NYSE:SWN) has emerged as one of the notable mover from among energy stocks and it might be the right time to take a closer look at it. Over the course of the past month, investors have flocked to the stock in a big way and sent it soaring by as much as 20%.
However, at the same time, it is perhaps also necessary to keep in mind that there has been no news about Southwestern in the past week. The last news to have emerged about the company was back on September 1, 2021.
At the time, the company announced that it had completed the acquisition of the company Indigo Natural Resources. The Chief Executive Officer and President of the company Bill Way spoke about the transaction as well. He stated that everyone at the company was excited at the prospect of adding the assets belonging to Southwestern Energy’s portfolio.
However, he was also quick to add that the addition of the Indigo employees is also going to be a big thing for Southwestern Energy. He stated that those employees will be able to complement the high performance culture that is already at place at Southwestern.
Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS:AGYP) as it begins pumping oil from wells in Texas. As energy peaks in price and demand, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
