AMEX Energy Report :LNG, GDP, NOG, GTE, IMO
Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.
Cheniere Energy Inc. (NYSEAMERICAN:LNG) stock continued to trade in a range after the recent jump. The stock has moved up about 69% in the past year. The stock is trading above 80% from its 52-week low and just 10% away from its 52-week high.
Goodrich Petroleum Corporation (NYSEAMERICAN:GDP) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 8% over the past month. The stock is trading above 168% from its 52-week low and 14% away from its 52-week high.
Northern Oil and Gas Inc. (NYSEAMERICAN:NOG) stock has seen solid buying interest over the past year with a gain of over 115% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 113% so far this year. On Wednesday, NOG stock jumped 1.30% to $18.69 with more than 1.02 million shares exchanged hands, above its average volume of 1.12 million shares.
Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) is another stock in the energy sector which has been showing consistent rise. The stock has moved down 8% over the past one week. Moreover, the stock has jumped 93% so far this year. The stock is trading above 119% from its 52-week low and 42% away from its 52-week high.
Imperial Oil Limited (NYSEAMERICAN:IMO) stock continued to trend higher in Wednesday’s trading session. BRN stock ended higher by 0.30% to $33.19 with more than 188k shares exchanged hands, below its average volume of 448k shares. The stock is trading above 84% from its 52-week low and 10% away from its 52-week high.
Allied Energy Corp. (OTCMKTS:AGYP) AGYP deserves a look from oil and gas investors, as they recently announced signing a new lease and also struck oil on their leased well sites in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP recently issued news that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas. AGYP announced they are also making progress on the Prometheus lease.
