Oil inventories benefit from crude prices: VET, EGY, EXTN, PUMP

Crude prices hit their highest level since the shale-induced oil crash of 2014, a major checkpoint in a bull run that continues as geopolitical tensions threaten to weaken supply.

This price movement has made several companies worthy of your investment consideration:

Allied Energy Corp. (OTCMKTS:AGYP) an exploration company primarily based in the Permian Basin has had an incredible 2021. The company has reworked 5 wells and successfully produced oil. This year, the company may be on the verge of releasing its first production numbers. They also have several other wells in production that could yield results in the short term. Companies like AGYP are perfect for speculative investors looking for high return potential based on future catalysts.

Vermilion Energy Inc. (NYSE:VET) Stocks have garnered buying interest in recent months with a jump of more than 47% in the last quarter and the top spot in the oil and gas sector. Additionally, the stock has gained 24% so far this year. On Monday, VET stock fell 1.40% to $15.62 with more than 2.87 million shares traded, above its average volume of 2.19 million shares.

VAALCO Energy Inc. (NYSE:EGY) is another stock in the energy sector that has been on a steady rise. The stock is up 38% over the past month. Additionally, the stock has climbed 30% over the past year. The stock is trading above 102% from its 52-week low and 3% from its 52-week high.

Exterran Corporation (NYSE:EXTN) the stock continued its upward trend in Monday’s trading session. EXTN stock ended down 3.67% at $3.41 with more than 323,000 shares traded, above its average volume of 334,000 shares. The stock is trading above 27% from its 52-week low and 43% from its 52-week high.

ProPetro Holding Corp. (NYSE: PUMP) is another stock in the energy sector that has been on a steady rise. The stock fell 1.80% on Monday on above-average volume. Additionally, the stock has climbed 30% over the past year. The stock is trading above 63% from its 52-week low and 25% from its 52-week high.


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Felix J. Dixon