Amplify Energy: With Upside Catalysts, An Ideal Buying Opportunity Has Emerged In This $5 Oil Stock
AMPYAmplify Energy (AMPY) Seeking Alpha·2024-02-09 04:31

Anton Petrus/Moment via Getty Images Amplify Energy Corp. (NYSE:AMPY) is a producer of oil and natural gas. It is based in Houston, Texas and has operations in Oklahoma, Southern California, Texas, and it has stakes such as Bairoil in the Rocky Mountains which it is (imminently) planning to put up for sale in Q1 of 2024. This stock traded in the $20 per share range in 2017 and 2018 but trended down from there and plunged in 2020 due to the Covid stock market correction and remained weak due to a 2021 oil sp ...