Equity Research on SandRidge Energy Inc. and Transocean Ltd. - Rising Oil Prices Keeping Companies in the Black
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/09/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Oil & Gas Drilling & Exploration industry and are offering free analytical research on (NYSE: SD) and (NYSE: RIG). Register with us now to have free access to these research reports. Simply click on the link below.
West Texas Intermediate light sweet and Brent North Sea crude for September delivery rose recently, as the U.S. economy outpaced job forecasts on route to adding 163,000 jobs in July. A recovering U.S. economy bodes well for the industry and companies such as SandRidge Energy Inc. and Transocean Ltd., especially considering the state of things in Europe and China. Get your free reports on and at . There is no commitment to join.
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Quarterly reports have been strong for several industry players, as improved efficiency and greater production have led to better numbers. SandRidge was impressive in the 2nd quarter, posting adjusted net income of $36.8 million, up substantially from the $1.6 million adjusted net loss it posted in the same quarter last year. Revenues were also up, as production out of Mississippi increased by almost 200% year-over-year. report is accessible for free by registering today at
Transocean also had a solid quarter, with total revenues jumping by more than 10%. An increase in revenue efficiency on High Speculation Floaters was cited as a reason behind the rise. report is accessible for free by registering today at
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