Oil prices have been climbing and oil and gas stocks have been on the move the last week. These stocks should be in your watchlist as some experts expect oil to hit 90 or even higher.
TransGlobe Energy Corporation (NASDAQ:TGA) stock has been witnessing major buying activities over the past with a jump of over 23% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 165% so far this year. Recently, the group said its oil-and-gas production has averaged 12,902 oil-equivalent barrels a day year-to-date. The Canada-based company reported an output of 13,200 barrels a day for the first 18 days of September, 13,551 for the whole of August and 13,541 for July. This is up from an average of 13,077 barrels a day in the second quarter of the year.
Primeenergy Resources Corp (NASDAQ:PNRG) is another stock in the energy sector which has been showing consistent rise. The stock has surged 15% over the past one week. Moreover, the stock has soared 50% so far this year. PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States.
Martin Midstream Partners L.P. (NASDAQ: MMLP) stock continued to trend higher on Monday’s trading session. MMLP stock ended higher by 6.23% to $3.41 with more than 104k shares exchanged hands, well above its average volume of 143K shares. The stock has moved up about 16% in the past one week. The stock is trading above 89% from its 52-week low and 33% away from its 52-week high.
Berry Corporation (NASDAQ:BRY) stock is showing a very bullish move over the past few trading session as the stock jumped to a new yearly high. In fact the stock has increased by 23% over the past month. Yesterday, the company announced the acquisition of Basic Energy Services’ (“Basic”) California operations, which includes the legacy C&J Well Services (“C&J”) operations acquired by Basic in March 2020. The acquisition officially closed on October 1, 2021. The acquired businesses will operate as C&J Well Services, LLC, a wholly owned subsidiary of bry.
Chesapeake Energy (NASDAQ:CHK) stock is in bullish zone considering the stock jumped to multi-month high this week. The stock has moved up about 4% in the past week. The stock is trading above 61% from its 52-week low and just 1% away from its 52-week high.
On a more speculative note, Allied Energy Corp. (OTCMKTS:AGYP) deserve a look from oil and gas investors as they have struck oil on their leased well sites located in Texas. Global energy prices are at 3 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP finished Monday at .3315 up 10% on the day. AGYP hit a high of .40 during the trading session and many investors are talking about the potential of a short squeeze here.
