Anyone who is looking into stocks which have recorded strong gains over the past weeks could consider taking a look at the Gran Tierra Energy Inc (NYSEAMERICAN:GTE) stock.
The stock has been in the middle of a strong rally over the course of the past six weeks and during that period, it has managed to clock gains of as much as 75%. It seems that the rally in the stock has largely been driven by the steady rise in the prices of oil and gas. Investors may have been looking for penny stocks in the energy sector and may have decided to go for the Gran Tierra stock.
Gran Tierra is an energy company and is involved in acquiring, developing, exploring and eventually producing oil and gas from its properties which are located in Ecuador and Columbia. At the end of December 2020, Gran Tierra had reported that the entirety of its undeveloped reserves in Columbia alone amounted to as much as 26.2 million barrels of oil.
Considering the excitement with regards to the oil sector at this point, the bullish sentiments about the Gran Tierra stock are perhaps understandable. Investors could do well to keep it in their watch lists.
Allied Energy Corp. (OTCMKTS:AGYP) is emerging as an important independent oil company that is now pumping oil from former commercialized well sites. For oil and gas investors, AGYP’s performance and stock deserves a view as a rare domestic energy producer in a global world of oil and gas shortages.
