Global Oil Closes on $90 Per Barrel (AGYP, CVX, XOM, PXD, MRO And DVN)

January 20, 2022

Crude oil prices are moving closer to $90 per barrel and the White House appears unable to stop skyrocketing prices. Projections are for oil to reach $150 per barrel by next summer. Energy sector stocks were mixed. Oil investors appeared confused by the increase and the inability of major producers in the Middle East to boost production. In all of this volatility, independents like Allied Energy Corporation (OTCMKTS: AGYP) are…

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Allied Energy Corp. (OTCMKTS: AGYP) Primed to Rise to Substantial Production Levels

January 18, 2022

Allied Energy Corporation is drilling diligently on American soil in hopes of alleviating a portion of the United States’ foreign oil dependence.  Late last year, Allied was strategically bringing several of their quintessential oil fields revamp projects online, pointing toward 2022 being a prosperous year for this independent energy company.  The Annie Gilmore project comprises five wells leased by AGYP encompassing 300 acres in Crystal Falls, Texas.  News on AGYP’s…

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Permian Plays to Probe: AGYP, RTLR, WTI, BSM, MDMP

January 13, 2022

The Permian Basin, located in the southwestern U.S. is the largest producing oil basin in the entire country.  Naturally, it was affected by the COVID-19 pandemic.   However, every setback is the opportunity for a great comeback. PERMIAN PRODUCTION SET TO EXCEED PRE PANDEMIC LEVELS According to leading analytics company GlobalData, the Permian Basin is “producing about 4.6 million barrels of oil per day (mmbd) at present and is projected to…

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Allied Energy Corp. (OTCMKTS: AGYP) Oil Reserves Rise In Value As Oil Prices Go Higher

December 29, 2021

Allied Energy Corp. (OTCMKTS: AGYP) assets grew in valuation as both WTI Crude and Brent Crude rose in value.  Global Oil Markets Whipsawed The global oil markets benefits are whipsawed by the omicron variant. OPEC’s production is unchanged as the variant impacts the world’s largest oil consumer — China.  President Biden has made little impact by tapping the U.S. Strategic Petroleum Reserves (SPR). WTI and Brent settled higher last evening…

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Ranking AGYP’s 12 Exploration Projects

October 21, 2021

Allied Energy Corp. (OTCMKTS:AGYP) has been in the news frequently this fall.  Two of the biggest releases from the company were production announcements for two of their 12 oil exploration projects.  This news caused a surge in investment and has created profit opportunities for traders in the security. One of the most innovative and efficient factors about AGYP’s exploration strategy is its focus on proven past producing wells.  All of…

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Allied Energy Corp (OTCMKTS:AGYP) Announces Major Oil Production News

September 17, 2021

Allied Energy Corp (OTCMKTS:AGYP), an oil and gas exploration company focused on leasing and reworking oil and gas projects in the state of Texas, announced yesterday the company has achieved ongoing production at their Baylor County Texas project, the Green Lease. The Company has successfully reworked M-1 and X-3 Wells.   You can watch video of the wells in action on their Twitter page.   According to AGYP CEO George Montieth…

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Allied Energy Corp (OTCMKTS:AGYP) May Be Catching Shorts With Their Pants Down

September 13, 2021

Allied Energy Corporation (AGYP) closed last week on a high note for the second time in September.  Friday, AGYP closed up 18.64%, closing at $0.385 trading 837,000 shares.   Looking at several factors in my research there is reason to believe this week could close on an even higher note, and that action could start this morning. To start, looking at the OTC Short Report the last 3 sessions has seen…

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Allied Energy Corp (OTCMKTS:AGYP) Chart Hitting Several Bullish Indicators

September 9, 2021

Allied Energy Corporation (OTCMKTS:AGYP) has had a record year on the market.  The stock has been up over 1,500% and maintains 500% share price appreciation so far in 2021.  While this can be attributed to many factors including a record year for oil, the company’s monster announcement about their leases’ resources and progress made at said leases; that’s not why we are writing about the company today. Today is all…

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Allied Energy Corp (OTCMKTS:AGYP) Hits Scanners After Big Week

September 7, 2021

Before the long weekend, Allied Energy Corporation (AGYP) ended the summer on a high note.  After a big day on Thursday where the stock gained 20% per share, climbing from $0.299 to $0.355.  On Friday, despite some profit-taking on above-average trading volume (971,609 shares) the stock maintained at $0.355.   In fact, Friday, AGYP traded more shares in one day than they have in any single session since June.   The…

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