Oil Patch Plays: CHK, TGA, APA, MMLP, PAGP

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.

Nano-Cap Stocks Watchlist

Allied Energy Corp. (OTCMKTS:AGYP) is one of the most promising speculative oil & gas plays the market has witnessed in years.  At the start of 2021 they were a just another dev. stage exploration company with several leases and a dream.  One short year later the company has confirmed and started extracting what will amount to potentially $2 million dollars worth of oil at just one of their many Permian Basin-based projects .  With 5 other well sites closing in on production, including one that produced and sold 500+ barrels of oil to close Q4, AGYP has laid the foundation for what looks to be a monumental year for the company.  Investors should start their research on AGYP today.

Navigator Holdings Ltd. (NASDAQ:CHK) stock has seen solid buying interest over the past few months with a gain of over 24% over the past 6-month and leading the top spot in the oil & gas sector. On Wednesday, CHK stock was up 1.94% to $68.43 with more than 1.72 million shares exchanged hands, below its average volume of 1.28 million shares.  The stock continued to spend money on healthy acquisition with recent buyout of Chief and associated assets from affiliates of Fort Worth’s Tug Hill for $2 billion and approximately 9.44 million common shares.

TransGlobe Energy Corporation (NASDAQ:TGA) is another stock in the energy sector which has been showing consistent rally after the recent correction. The stock has moved down 10% over the past one quarter. Moreover, the stock has soared 194% over the past year. The stock is trading above 224% from its 52-week low and 15% away from its 52-week high.  The stock said that it is targeting capital budget of $57.7 million 2022 and  average production to reach 12.4 to 13.4 MBoepd with a midpoint of 12.9 MBoepd

Nabors Industries Ltd. (NASDAQ:APA) stock continued to trend higher in Wednesday’s trading session. APA stock ended higher by 0.12% to $33.11 with more than 12.03 million shares exchanged hands, above its average volume of 9.56 million shares. The stock is trading above 135% from its 52-week low and 3% away  from its 52-week high.  

Martin Midstream Partners L.P. (NASDAQ:MMLP) is another stock in the energy sector which has been showing consistent rise. The stock moved up 0.66% to $3.05 on Wednesday on lower than average volume. Moreover, the stock has soared 70% over the past year. The stock is trading above 858% from its 52-week low and 17% away  from its 52-week high. The company is all set to release its fourth quarter earnings on February 16, 2022 after the market closes.

Plains GP Holdings L.P. (NASDAQ:PAGP) is another stock in the energy sector which has been showing high volatility. The stock has moved up 14% over the past one month. Moreover, the stock has jumped 12% so far this year. The stock is trading above 39% from its 52-week low and 11% away  from its 52-week high.