When a stock makes steady gains for a month then it could be the right time for investors to pay a bit more attention and one of the stocks to have managed to perform that way is the PATTERSON-UTI Energy Inc (NASDAQ:PTEN) stock.
Yesterday, the stock was in the move again as it jumped by 7% and that took the gains made by the PATTERSON-UTI Energy stock to as much as 18% for the past month. While it is true that there has been no news about the company in recent day it could be the right time to take a look at the update provided by the company earlier on this month.
The company announced that in the two months that ended in August 2021, it was operating as many as 79 drilling rigs on average. It is a significant announcement from the company since that number indicates the total number of drilling rigs that were generating revenues for PATTERSON-UTI Energy.
In this regard, it should be noted that the company also noted that it was going to continue to provide monthly updates with regards to the number of drilling rigs that are under operation.
Proven pros in the energy field at Allied Energy Corp. (OTCMKTS:AGYP) deserve a look by oil and gas investors as they have hit oil from their own leased well sites located in Texas. Energy is volatile globally now, especially petrochemicals, but AGYP is a new domestic resource that is pumping product from its own wells.
