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 week with a jump of over 39% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 215% 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.
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 29% over the past month. Earlier this week, 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.
APA Corporation (NASDAQ:APA) stock has been witnessing major buying activities over the past month with a jump of over 20% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 61% so far this year. Recently, the company announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest.
Primeenergy Resources Corp (NASDAQ:PNRG) is another stock in the energy sector which has been showing consistent rise. The stock has surged 6% over the past one week. Moreover, the stock has soared 44% 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 Thursday’s trading session. MMLP stock ended lower by 4.20% to $3.47 with more than 38K shares exchanged hands, compared to its average volume of 142K shares. The stock has moved up about 8.50% in the past one week. The stock is trading above 184% from its 52-week low and 5.50% away from its 52-week high.
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 5% in the past week. The stock is trading above 62% from its 52-week low and just 3.36% 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 recently announced signing a new lease and also 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.
