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Allied Energy Group, Inc. (OTC: AGGI) - A Prime Opportunity in the Natural Gas Industry

Strategic Insights

— 1 min read

Allied Energy Group, Inc. (OTC: AGGI) has been a focus of interest among speculative investors, and for good reason. The company's recent press release announcing the successful construction of a well to test the Strawn Limestone in Schleicher County, Texas, has generated significant buzz. As the demand for natural gas continues to grow, Allied Energy's exploration strategy is poised to provide substantial growth for the company in the years to come.

Key Takeaways:

  • Allied Energy Group, Inc. (OTC: AGGI) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States.
  • The company has successfully constructed a well to test the Strawn Limestone in Schleicher County, Texas, in partnership with Halliburton Operating Company.
  • The well is expected to move a rig on location in the next 2-3 weeks, and Allied Energy believes it has the potential to produce substantial amounts of natural gas.
  • Natural gas prices have increased significantly over the past 40 years, from approximately eight cents ($.08) per 1,000 cubic feet (MCF) in 1965 to over $8 per MCF today.
  • Allied Energy's strategic focus is the development of oil and natural gas reserves, and the company is well-positioned to benefit from the growing demand for natural gas.
  • Other stocks of interest mentioned in the press release include Delphi Corporation (OTC: DPHIQ), NeoMedia Technologies, Inc. (OTC BB: NEOM), Airtrax, Inc. (OTCBB: AITX), and Varsity Group Inc. (NASDAQ: VSTY).
  • Allied Energy Group, Inc. is an outsource solution provider to education institutions nationwide which recently announced that President and CEO Mark Thimmig has resigned to pursue other opportunities.

Statistics:

  • Allied Energy Group, Inc. stock closed Thursday at Forty Nine cents a share.
  • Delphi Corporation (OTC: DPHIQ) is up 8.2% on 10.5 million shares traded.
  • NeoMedia Technologies, Inc. (OTC BB: NEOM) is up 31.6% on 9.2 million shares traded.
  • Airtrax, Inc. (OTCBB: AITX) is up 16.6% on 528,000 shares traded.
  • Varsity Group Inc. (NASDAQ: VSTY) is up 11.6% on 454,000 shares traded.

Sources:

  • Stock Market Alerts LLC
  • Allied Energy Group, Inc. (OTC: AGGI)
  • Halliburton Operating Company
  • Delphi Corporation (OTC: DPHIQ)
  • NeoMedia Technologies, Inc. (OTC BB: NEOM)
  • Airtrax, Inc. (OTCBB: AITX)
  • Varsity Group Inc. (NASDAQ: VSTY)

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