Other analysts are even more aggressive. Triple-digital oil is almost a foregone conclusion with
What both forecasts are missing is the possibility of
As WTI and Brent Crude approach
According to our extrapolation, AGYP is positioned to produce over
That is at only one of their 6 operational wells. Revenue could be significantly higher. Investors should add AGYP stock to their Watch Lists as this company pumps oil from domestic locations in
OIL PRICES HIGHER ON INT'L UNCERTAINTY
AGYP is a small independent that has hit oil on six wells. It specializes in making older and abandoned wells commercial again. At today's prices, its energy is scarce and valuable.
The nation's top energy analysts already see crude reaching
Here's why:
"The key oil products (gasoline, jet fuel and gasoline/diesel) all show strong crack spreads, steep backwardation, and inventories that have fallen to low levels. None of this signals weakness," Morgan Stanley writes.
Morgan Stanley in the note reported by Reuters says that oil is headed to 'triple-digit' pricing because of low inventories, low spare production capacity and low investment.
AGYP INSIDE THE NUMBERS
No matter how you extrapolate the numbers, AGYP is on pace to perform at a $1+ million annualized production level. And they have only reported oil cut data at two of the six wells where the Company has hit oil. It is exploring for more oil at these locations.
At its
-
The above estimate is on the low end; at a 5% oil cut AGYP would produce 75 barrels daily. At
Remember, many analysts are calling for triple digit crude prices by the time AGYP will be presumably selling this oil.
-PROMETHEUS LEASE, WELL 1H: AGYP is pumping more. AGYP is pumping 2,000 to 2,400 barrels of fluid daily. At the same cut of 2.5%, it is pumping 50 barrels of oil daily. At an
AGYP 'RIGHT PLACE, RIGHT TIME'
He added, "We now go into 2022 as a producing oil company that is selling oil to our contracted agent. Our initial production numbers have barely scratched the surface of the real potential of Allied's six existing well projects."
He said that Allied is a "producing all-American oil company that is in the 'right place at the right time in history.'"
Keep AGYP stock on your
More AGYP coverage: https://topnewsguide.com/2022/01/24/allied-energy-corp-otcmktsagyp-trade-signals-positive-after-news/
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