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 month with a jump of over 47% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 199% 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 35% 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 27% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 85% 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 5% over the past one week. Moreover, the stock has soared 51% 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.
Chesapeake Energy Corporation (NASDAQ:CHK) stock continued to trend higher on Thursday’s trading session. CHK stock ended higher by 3.16% to $64.01 with more than 1.01 million shares exchanged hands, compared to its average volume of 1.34 million shares. The stock has moved up about 2% in the past one month. The stock is trading above 60% from its 52-week low and 5% away from its 52-week high.
Allied Energy Corp. (OTCMKTS:AGYP) : On a more speculative note, Allied Energy Corp. (OTCMKTS: AGYP) deserves 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 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP issued news Thursday that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas.
