Slow Down in Oil Demand May Hurt Samson Oil and Brigham Exploration
The Bedford Report Provides Stock Research on Samson Oil & Brigham Exploration
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/18/11 -- Oil companies have been boosting production this year to keep up with surging demand. There is concern that oil demand may soon slide, however, after the Organization of Petroleum Exporting Countries (OPEC) questioned the global economic recovery. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (NYSE Amex: SSN) and Brigham Exploration Co. (NASDAQ: BEXP). Access to the full company reports can be found at:
While OPEC thinks global demand will continue to increase this year to the highest levels ever, the cartel argues that demand won't grow as much as it previously expected. Last week OPEC said it expects daily world consumption will increase this year by 1.36m barrels -- down from a previous estimate of 1.38m barrels -- to an average 88.18m barrels. OPEC said it cut demand expectations "as the unsteady global economy has added risks to the forecast." OPEC added that it is hard to estimate how much oil the US will consume this year.
The Bedford Report releases investment research on the Oil and 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 analyst reports and industry newsletters.
Samson Oil & Gas Limited owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. Samson Oil & Gas Limited was founded in 1980 and is headquartered in Perth, Australia. Samson currently projects that it will exit the end of the calendar year with an estimated cash balance of US$32 million.
Brigham Exploration utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore crude oil and natural gas reserves. Last month Brigham said it expects more wells in its Williston basin to benefit its third-quarter production, sending its shares up 3 percent.
The Bedford Report 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. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 18.07.2011 - 12:16 Uhr
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