Permian Basin Plays: CDEV, APA, OXY, CPE, LPI

Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.

Nano-Cap Stocks Watchlist

Allied Energy Corp. (OTCMKTS:AGYP) is one of the most promising speculative oil & gas plays the market has witnessed in years.  At the start of 2021 they were a just another dev. stage exploration company with several leases and a dream.  One short year later the company has confirmed and started extracting what will amount to potentially $2 million dollars worth of oil at just one of their many Permian Basin-based projects .  With 5 other well sites closing in on production, including one that produced and sold 500+ barrels of oil to close Q4, AGYP has laid the foundation for what looks to be a monumental year for the company.  Investors should start their research on AGYP today.

Centennial Resource Development, Inc. (NASDAQ:CDEV) stock has seen buying interest over the past few months with a jump of over 10% over the past quarter and leading the top spot in the oil & gas sector. Moreover, the stock has soared 38% so far this year. On Tuesday, CDEV stock was up 9.16% to $8.22 with more than 14.75 million shares exchanged hands, above its average volume of 6.87 million shares. 

APA Corporation (NASDAQ:APA) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 27% over the past one month. Moreover, the stock has soared 116% over the past year. The stock is trading above 135% from its 52-week low and 3% away from its 52-week high.

Occidental Petroleum Corporation (NASDAQ:OXY) stock continued to trend higher in Tuesday’s trading session. OXY stock ended higher by 8.12% to $36.77 with more than 27.82 million shares exchanged hands, above its average volume of 15.39 million shares. The stock is trading above 89% from its 52-week low and 1% away from its 52-week high.

Callon Petroleum Company (NASDAQ:CPE) is another stock in the energy sector which has been showing consistent rise. The stock moved up 7.50% on Tuesday on higher than average volume. Moreover, the stock has soared 306% over the past year. The stock is trading above 334% from its 52-week low and 18% away from its 52-week high.

Laredo Petroleum Inc. (NASDAQ:LPI) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 13% over the past one month. Moreover, the stock has jumped 19% so far this year. The stock is trading above 215% from its 52-week low and 28% away  from its 52-week high.