Samson Oil and Whiting Petroleum Remain Promising Growth Stories Despite Pricing Downturn
The Paragon Report Provides Equity Research on Samson Oil & Gas and Whiting Petroleum
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/27/11 -- The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (NYSE Amex: SSN) (ASX: SSN) and Whiting Petroleum Corporation (NYSE: WLL). Access to the full company reports can be found at:
Abdalla Salem El-Badri, Secretary-General of the Organization of the Petroleum-Exporting Countries (OPEC), argues that the recent fall in the price of oil has been partly caused by speculation in the oil market. Oil prices took a hit after OPEC sharply revised down its forecast for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak US driving season.
While oil demand may be on the downturn, US oil production is skyrocketing. Just last week the Energy Department announced that US crude oil production surged 13 percent to 5.75 million barrels a day last week, the highest level since 2003.
The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Oil & Gas Sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Whiting Petroleum Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. Whiting reported second-quarter net income that was up 69 percent from a year earlier. The company posted net income of $202.9 million, or $1.71 per share.
Samson Oil & Gas Limited owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. The company recently said that second quarter production increased by 63% over the prior quarter following the successful completion to two wells in the North Stockyard field.
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Datum: 27.09.2011 - 12:16 Uhr
Sprache: Deutsch
News-ID 70051
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Alternative Energy
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