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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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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Allied Energy Corp. (OTCMKTS:AGYP): Strikes Oil, Exploring For More

December 15, 2021

The case for Allied Energy Corp. (OTCMKTS: AGYP) is clear. This is an independent energy producer that has hit oil and gas at five wells on American soil. Now it is exploring for more at another promising well site. AGYP uses the newest technology to make old or abandoned wells commercial and productive again. It has proved it with five American wells in Texas producing oil and gas. Next is its third…

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Allied Energy Corp. (OTCMKTS: AGYP) Stock Is Well Positioned As Jeffries Predicts $150 Oil

December 13, 2021

Allied Energy Corp. (OTCMKTS: AGYP) stock is well positioned as analyst Jeffries predicts $150 per barrel oil when and if the world fully reopens. Chris Wood, global head of equity strategy at Jeffries, says, “In a really fully reopened world, the oil price could go up to $150 because the supply constraints are dramatic.” He told CNBC that the ‘political attacks’ on fossil fuels have reduced investment in fossil fuels….

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Allied Energy Corp. (OTCMKTS: AGYP): Independent Hits Oil & Gas At Five American Wells, Exploring For More

November 24, 2021

The case for Allied Energy Corp. (OTCMKTS: AGYP) is clear. This is an independent energy producer that has hit oil and gas at five wells on American soil. Now it is exploring for more at another promising well site. AGYP uses the newest technology to make old or abandoned wells commercial and productive again. It has proved it with five American wells in Texas producing oil and gas. Next is…

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Allied Energy Corp. (OTCMKTS: AGYP) Sees Shortages In Global Oil Supplies; BOA Sees $120 Oil Prices.

November 5, 2021

Allied Energy Corp. (OTCMKTS:AGYP), an independent oil driller, sees its valuation swinging wildly as global oil pricing shifts daily. The U.S. remains energy-short and OPEC nations are standing firm on production.  AGYP stock remained flat last evening, closing at $0.3060, off 3.55% in extremely light trading of 92,329. That’s only 24% of its daily average. The markets see a very volatile global oil market and remains quiet.  Oil pricing directly…

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Allied Energy Corp. (OTCMKTS: AGYP) Closes Green As Oil Prices Dip; U.S. May Tap Oil Reserves To Offset Shortage Impact

November 4, 2021

Allied Energy Corp. (OTCMKTS: AGYP) oil is more in demand now even as global prices dip. Oil industry insiders say U.S. may open its strategic oil reserves to help stop the impact of its energy shortages. Higher prices at the pump are not good for the Biden Administration. “It is questionable whether this will cause OPEC+ to soften its stance,” said Carsten Frisch, an analyst at Commerzbank  AG in Frankfurt,…

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Allied Energy Corp. (OTCMKTS: AGYP) Tweets Again On Prometheus Site, Says It Orders Pump For Well

October 29, 2021

Allied Energy Corp. (OTCMKTS: AGYP) tweets again on the Prometheus Site. It said yesterday it has ordered an Electrical Submersible high capacity pump for its well there  — which is due to be be delivered in approximately 10 days.  Last week, AGYP triple tweeted regarding progress at Prometheus. One tweet showed the well site, the second tweet showed Prometheus progress and the newest video tweet showed more progress on October…

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Allied Energy Corp. (OTCMKTS: AGYP) Triple Tweets On Prometheus Lease Progress, Stock Rises 17.94%

October 25, 2021

Allied Energy Corp. (OTCMKTS: AGYP) triple tweeted on its progress on its newly acquired Prometheus Site. The financial markets liked the news and AGYP’s stock rose 17.94% Friday to $0.3774 in heavy volume of 799,850 — more than double the daily average. The tweets documented Prometheus progress. One tweet showed the well site, the second tweet showed Prometheus progress and the newest video tweet Friday showed more progress. This week…

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