Allied Energy Corp (AGYP) stock price


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Allied Energy Corp (OTCMKTS: AGYP) is a natural gas and oil exploration and production company. The company’s primary business is the exploration and development of oil and gas reserves in the United States, and it leads the market in the country. Allied has interests in six states, including Texas, Oklahoma, Louisiana, Arkansas, and New Mexico. The company also has interests in electric power generation, natural gas liquids transportation, and refining. Allied’s goal is to produce environmentally sustainable energy that can be exported to meet the needs of global consumers. The company’s subsidiaries, Allied Natural Resources, Inc. (ANR), ConocoPhillips Pipelines, Inc. (COP), and Gulfstream Energy plc. (Gulfstream) are engaged in the development and production of oil, natural gas, and coal-fired power plants. Allied Energy Corporation's products are sold through its affiliates, including Eastern Texas Electric Cooperative (ETEC), which serves as the primary retail customer; Appalachian Power Company (APP) in West Virginia; Southern Appalachian Electric Cooperative (SAPE) in Alabama; Gulfstream Natural Gas Transmission Company LLC in Louisiana; and Western Pennsylvania Power Authority (WPPA) in Pennsylvania. As a Gas and Oil company, Allied Corp has a chance to be a profitable investment, for long and short terms. This kind of company shows steady economic growth. In the beginning of 2022 the Allied Corp.'s shares have been demonstrating good enhancement. Investors have seen this positioning like a great buy signal.