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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Oil & Gas Stocks Watchlist: XOM, CVX, PBR, KMI, ET, AGYP

January 18, 2022

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) AGYP deserves a look from oil and gas investors, as they recently announced signing a new lease and also struck oil on their leased well sites in Texas. Global energy prices are at 7 year highs. With…

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Oil Index Report: OXY, MRO, PTR, COP, XOM, PSX, CVX, MPC, EOG, VLO, BP

October 19, 2021

Monday’s market action for some stocks making up the AMEX Oil Indec ($XOI). Occidental Petroleum Corporation (NYSE:OXY) stock has seen solid buying interest over the past month with  a gain of over 22% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 90% so far this year. On Monday, OXY stock ended higher by 4% to $32.93 with more than 25.90 million shares…

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ExxonMobil (NYSE: XOM) Surges In An Eco-Friendly World By Focusing On Green Initiatives Such As New Natural Gas Certification Program

September 9, 2021

ExxonMobil (NYSE: XOM) is successfully navigating a green energy world by adopting numerous green initiatives, such as its new natural gas certification program that encourages customers to measure their own emissions reduction towards its environmental goals. Closing after hours at $54.09 per common share — more than $10 per share than at the beginning of the year — ExxonMobil (NYSE: XOM) is a traditional fossil fuel company with three of…

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Exxon Mobil (NYSE: XOM) Fails To Discover Hydrocarbons In The Jabilo-1 Well In Canje Block, Guyana

July 8, 2021

For the second time, Exxon Mobil (NYSE: XOM) failed to make a commercial discovery in the Jabillo-1 well located in the Canje block offshore Guyana after reportedly drilling a dry hole. The company drilled the well up to 6,475 meters but didn’t find any hydrocarbons and will now be plugged.  On the other hand, the Stena DrillMax is operating in the company’s run Stabroek block and is likely to commence…

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