Allied Energy Corp.’s (OTCMKTS:AGYP) Lower Amid Global Oil Volatility

August 25, 2021

Allied Energy Corp. (OTCMKTS:AGYP) closed Tuesday at $0.2825, off 19.70%, but the move yesterday was more about global volatility impacting oil than about the performance of AGYP itself. Meanwhile both oil indices were green again — WTI Crude closed up last night 0.39% at $62.38 and Brent Crude settled at $65.51, +0.51% higher. The good news is that oil settled higher last night — remaining at or above  the $62…

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Allied Energy Corp. (OTCMKTS PINK: AGYP) Ready For Strong Week After Friday’s Green Close At $0.3398 +4.55%, Buy Rating

August 23, 2021

Allied Energy Corp. (OTCMKTS PINK: AGYP) earned an 8% buy rating Friday night from Barchart as AGYP closed green Friday at $0.3398 +4.55%. WTI Crude and Brent Crude also showed green prices. The evacuation in Afghanistan stands to impact and keep oil prices high, according to Barrons and site Kerala, which quoted J. P. Morgan predicting that oil, with all the Mideast turmoil, could reach $80 barrel. All of that…

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Action By U.S. Agency To Reinstate Oil & Gas Drilling Leases On American Property Cheered By Domestic Energy Producers

August 20, 2021

Domestic oil producers are cheering the actions of a U.S. regulator seeking to lift federal lease restrictions on oil and gas production and reinstate production leasing programs following a new court order. The Biden administration is appealing the legal ruling — but the Bureau of Ocean Energy Management (BOEM) is moving forward to resume an offshore leasing program that was halted by Biden in January as part of a climate…

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Allied Energy Corp. (OTCMKTS: AGYP) Long Investors Buy The Dip As Stock Closes At $0.3710 In Light Volume

August 18, 2021

Allied Energy Corp.’s (OTCMKTS: AGYP) long investors are buying  the dip as the stock closed yesterday at $0.3710 in light volume of 127,244. Shares on Monday were 8.14% green to reach $0.4000 in heavy trading volume. AGYP reported a positive Q2 financial report which showed a strategy of large cuts in operational and net losses through dramatically cut expenses. Free cash flow created was then reinvested back into the Company’s…

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Allied Energy Corp. (OTCMKTS: AGYP) Jumps 8.14% To $0.40 As Investors Eye $0.50

August 17, 2021

Allied Energy Corp. (OTCMKTS: AGYP) is primed to hit higher prices this week as shareholders hope for $0.5000 after shares reached 8.14% green yesterday to reach $0.4000. In heavy trading volume of 449,112, AGYP is gaining momentum after a positive Q2 financial report which shows cuts in operational and net losses as expenses were cut dramatically. All free cash flow was reinvested back into the Company’s primary activity: leasing oil…

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Allied Energy Corp. (OTCMKTS:AGYP) Oil Gains In Value Amidst Middle East Volatility

August 16, 2021

Allied Energy Corp. (OTCMKTS:AGYP) stock could gain this week as oil prices hold at near-$70 barrel as politics again intensify in the Middle East. The fall of Afghanistan to the Taliban last night and the controversy over Iran’s alleged drone attack weeks ago on the Israeli-managed tanker Mercer Street makes for an even more unstable region. The result is that oil prices remain high: WTI Crude is at $67.58 and…

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Allied Energy Corp. (OTCMKTS:AGYP) Files Q2 Reports, Cuts Operational, Net Losses

August 12, 2021

Allied Energy Corp. (OTCMKTS:AGYP) has filed its Q2 quarterly report for the three months ended June 30, 2021 and there’s a lot of good news. First, it cut its operational and net losses for the quarter — principally by reducing expenses and reinvesting all money from saved expenses back into its well development program. Operating losses off the three months ended June 30, 2021 dropped to $85,913 from $113,368 the…

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Allied Energy Corp. (OTCMKTS:AGYP) Stock Spikes 7.01% To $0.4495 As Impact Of ‘Reserve Reports’ On Its Wells Raise Shares

August 10, 2021

The impact of engineering ‘Reserve Reports,’ documenting the assets under management (AUM) for Allied Energy Corp. (OTCMKTS:AGYP) may soon  not only force a short ‘squeeze’ but also drive more long investors into the stock. AGYP closed yesterday with a 7.01% spike to $0.4495 in heavy volume of 556,275. Technical indicators also were high: as Barchart placed a 56% buy ‘Signal’ on the stock, after an analysis of 13 indicators —…

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Allied Energy Corp. (OTCMKTS: AGYP) Shorts May Face ‘Squeeze’ As Stock Jumps Again To $0.5010, Up +6.71%

August 4, 2021

Allied Energy Corp. (OTCMKTS: AGYP) may be soon forcing a short ‘squeeze’ as its stock jumped again Tuesday (August 3, 2021) to $0.5010 or +6.71%. in near average volume of 425,374. On Monday, AGYP rose by 13.13% in heavy volume as shorts dominated volume (463,698 out of total 699,016 or 66.3%) according to the Financial Industry Regulatory Authority (FINRA). News was that AGYP filed its new Annie Gilmer site supplemental…

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Allied Energy Corp. (OTCMKTS:AGYP) Files New Annie Gilmer Site Disclosure Report

August 3, 2021

Allied Energy Corp. (OTCMKTS: AGYP) filed its new Annie Gilmer site supplemental disclosure with the OTC specifying 190,500 barrels of oil proved and 80,400 probable and 135,500 possible. Value of the oil and gas findings are: $6,704,900 proven at present worth and $1,902,200 probable and $3,587,700 possible. Computations are at $46.26 per barrel of oil, well below current oil pricing in the $70’s. Extraction costs are also already computed into…

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