Hyperdynamics and Halcon Resources Benefiting from Stable Oil and Gas Prices
Five Star Equities Provides Stock Research on Hyperdynamics Corp & Halcon Resources
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/16/12 -- Shares of oil and gas exploration and production companies have been on the upswing of late. Shares of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) are up roughly 5 percent over the last week as oil prices remain strong and natural gas prices begin to recover from a decade low in January. Five Star Equities examines investing opportunities in the Oil & Gas Sector and provides equity research on Hyperdynamics Corporation (NYSE: HDY) and Halcon Resources Corporation (NASDAQ: HK). Access to the full company reports can be found at:
Last week the International Energy Agency (IEA) cut its forecast for growth in oil demand this year of 0.8 million barrels per day (mbd) from 1.1 mbd after the International Monetary Fund slashed its estimate for global economic growth in 2012 to 3.3 percent from 4.0 percent. The IEA was optimistic about the impact of tighter international sanctions on Iran, including an EU import ban which takes effect in July. "Despite tougher new sanctions by the international community, the market is largely still taking the situation in its stride," said the IEA.
Iran's governor to OPEC argues that oil prices will continue to rise and the global market won't be able to compensate for a loss of Iranian crude supply. "The increase of crude prices in the global market is likely to continue," Mohammad Ali Khatibi was cited as saying by the country's state-run Mehr news agency.
Five Star Equities releases regular market updates on the Oil & Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
In the natural gas market, weather forecasts continue to point to milder-than-normal temperatures in the weeks ahead, suggesting that gas-fired heating demand is likely to remain weak, The Wall Street Journal (WSJ) reports. Despite the drop in demand, production cuts from industry heavyweights in recent weeks have stemmed the slide in natural gas prices, leading some analysts to argue that prices have found a floor. "If you get more production shut ins, that would probably close a door on it," and natural gas could head higher, Gene McGillian, an analyst with Tradition Energy, told CNBC.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned Companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Contact:
Five Star Equities
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2012 - 13:20 Uhr
Sprache: Deutsch
News-ID 115503
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Hyperdynamics and Halcon Resources Benefiting from Stable Oil and Gas Prices"
steht unter der journalistisch-redaktionellen Verantwortung von
Five Star Equities (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
