Crude prices hit their highest level since the 2014 shale-induced oil crash, a major checkpoint in a bullish movement that continues as geopolitical tensions threaten to weaken supply.
This price movement has made several companies worthy of your investment consideration:
Allied Energy Corp. (OTCMKTS: AGYP) a primarily Permian Basin-based exploration company had an incredible 2021. The company reworked 5 wells and is successfully producing oil. This year the company could be on pace to report its first production numbers. They also have several other wells in operation that may achieve results in the near term. Companies like AGYP are perfect for speculative investors searching for high return potential based on future catalysts.
Vermilion Energy Inc. (NYSE:VET) stock has seen buying interest over the past few months with a jump of over 47% over the past quarter and leading the top spot in the oil & gas sector. Moreover, the stock has gained 24% so far this year. On Monday, VET stock was down 1.40% to $15.62 with more than 2.87 million shares exchanged hands, above its average volume of 2.19 million shares.
VAALCO Energy Inc. (NYSE:EGY) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 38% over the past month. Moreover, the stock has soared 30% over the past year. The stock is trading above 102% from its 52-week low and 3% away from its 52-week high.
Exterran Corporation (NYSE:EXTN) stock continued to trend higher in Monday’s trading session. EXTN stock ended lower by 3.67% to $3.41 with more than 323K shares exchanged hands, above its average volume of 334K shares. The stock is trading above 27% from its 52-week low and 43% away from its 52-week high.
ProPetro Holding Corp. (NYSE:PUMP) is another stock in the energy sector which has been showing consistent rise. The stock moved down 1.80% on Monday on higher than average volume. Moreover, the stock has soared 30% over the past year. The stock is trading above 63% from its 52-week low and 25% away from its 52-week high.
