In the volatile energy sector, independent oil and gas exploration companies are surging in activity.
63% INCREASE IN OIL AND GAS RIGS
Oil and gas rig count jumped 63% last week to 588 - its highest since
Cowen & Co said that independent exploration and production (E&P) companies it tracks plan to boost spending by 13% YOY in 2022. Last year, companies increased their spending by only 4%.
Why?
Because demand for oil and gas has reached peak levels.
WTI Crude and Brent Crude are again back at $80+ per barrel prices. Analysts say prices could reach
INDEPENDENT OIL AND GAS ACTIVITY RISING:
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AGYP HITS OIL AT 5 WELLS, EXPLORING MORE
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Reuters reports a larger number of oil and gas independents and even majors are cranking up the wells again. Sharply higher oil and gas prices cannot meet the energy demands of
Oil has surpassed seven-year highs.
AGYP is well positioned as a domestic producer. Managed by senior oil and gas executives with efficient time tested tactics, the company is sitting on more than
Oil and gas rigs are growing in
Independents see the opportunities ahead and are active. Majors such as BP,
All of the companies highlighted in this article have the opportunity to make investors happy in 2022. AGYP as a speculative play, could offer larger returns percentage wise for retail investors, based on the price action the stock has shown in the past 12 months. Put AGYP on your watchlist today.
Start research here: https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
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