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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$100 Oil, Broken Supply Chain, and Why Texas May Be The Answer

November 2, 2021

Oil prices are currently rising at an incredible rate, and are unlikely to slow down according to several analysts.  This week Bank of America noted in Bloomberg that Brent crude benchmark will hit $120 per barrel by the end of June 2022.  This came after news that some industries have started to use oil instead of high-priced gas for their fuel needs. Most experts have not factored this into their…

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NYSE Independent Oil and Gas Report: ASPN, SNP, PXD, CNQ, CPE, AMPY, BCEI

October 21, 2021

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. Aspen Aerogels Inc. (NYSE:ASPN) stock has seen solid buying interest over the past month with  a gain of over 10% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 182% so far this year. ASPN stock ended…

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Domestic Oil Investors Back Permian Stocks as the Commodity Soars

September 23, 2021

Oil is already up 48% on the year. Goldman Sachs recently updated their Brent crude forecast to $80 per barrel. Bank of America strategist Francisco Blanch is calling for $100 oil. In the US despite a general economic malaise fuel demand has recovered.  In the last month, supply reached almost 21 million barrels per day, which is around the pre-pandemic peak in 2019. This rising demand is meeting a shrinking…

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Pioneer Natural Resources Company (NYSE:PXD) Stock Surges 32% YTD: What’s The Buzz?

September 23, 2021

Stocks which perform well over a reasonably long period of time are almost always a bit more coveted among investors and hence, the Pioneer Natural Resources Company (NYSE:PXD) stock could be one to watch at this point. The stock has been in the middle of a steady rise since the beginning of the year and has managed to deliver gains of as much as 32% so far in 2021. Yesterday,…

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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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