Refiners Look to Profit From Oil's Spike in Price
April 06 2011 - 8:16AM
Marketwired
In recent weeks, investors have been focussed on oil and gas
companies that do not have exposure to Libya and other troubled
spots, but stand to benefit from oil's recent spike in price. While
analyst consensus is that the world can function without Libya's
exports, Victor Shum, an energy analyst at Purvin and Gertz, warns
"the worry is about what's next. What if protests persist in Iran
and things get out of hand?" The Bedford Report examines the
outlook for companies in the Oil & Gas Refining and Marketing
Industry and provides research reports on Western Refining, Inc.
(NYSE: WNR) and Sulphco, Inc. (NYSE Amex: SUF). Access to the full
company reports can be found at:
www.bedfordreport.com/2011-04-WNR
www.bedfordreport.com/2011-04-SUF
North American refiners received a noticeable bump in share
price following the devastating earthquake that struck Japan last
month. Nearly 1 million barrels per day of refining capacity were
shut down as a result of the earthquake and tsunami, and it was
reported that a Cosmo Oil refinery had caught fire.
Rising oil and gas prices have also made operating efficiency
increasingly important for companies in the refining industry. For
example Western Refining has steadily streamlined operations and
cut unnecessary costs and could see margins widen this year as
demand remains strong.
The Bedford Report releases regular market updates on the Oil
& Gas Refining and Marketing Industry 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 www.bedfordreport.com and get exclusive access to our numerous
analyst reports and industry newsletters.
Western Refining operates as an independent crude oil refiner
and marketer of refined products in Texas, Arizona, New Mexico,
Utah, Colorado, and the Mid-Atlantic region. Last month the company
said it lost $7.57 million, or 9 cents per share, in the fiscal
fourth quarter. That compares with a net loss of $97.5 million, or
$1.11 per share, a year earlier. Revenue slipped 5 percent to $1.87
billion from $1.96 billion.
The Bedford Report provides Analyst 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 http://www.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Sulphco Common Stock (AMEX:SUF)
Historical Stock Chart
From Apr 2024 to May 2024
Sulphco Common Stock (AMEX:SUF)
Historical Stock Chart
From May 2023 to May 2024