Continuous Uptick in Oil Prices Benefit Tri-Valley and Dejour Energy
March 21 2012 - 8:20AM
Marketwired
Oil and gas stocks have stagnated over the last month as a less
than favorable demand outlook for crude weakens investor optimism
in the exploration industry. Meanwhile, record low natural gas
prices continue to hurt margins for natural gas explorers. The SPDR
S&P Oil & Gas Exploration & Production ETF (XOP) is up
less than 0.5 percent over the last month -- underperforming the
Dow Jones Industrial Average by a large margin over that time span.
Five Star Equities examines investing opportunities in the Oil
& Gas Sector and provides equity research on Tri-Valley
Corporation (NYSE Amex: TIV) and Dejour Energy Inc. (NYSE Amex:
DEJ). Access to the full company reports can be found at:
www.fivestarequities.com/TIV www.fivestarequities.com/DEJ
Earlier this month the IEA maintained a forecast for moderate
oil demand growth this year, saying that subdued economic activity
and high prices would restrain upward pressure on consumption.
While noting the international economic sanctions taken against
Iran, the IEA said that "more prosaic ongoing tightening in the
supply/demand balance" had helped to raise prices by 20 percent
since December.
Late last week Oil prices stagnated amid trader concerns that
growing U.S. crude supplies reflect weak demand. The Energy
Department's Energy Information Administration crude inventories
rose 1.8 million barrels for the week ended March 11, 2012.
Five Star Equities releases regular market updates on the Oil
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In the Natural Gas segment, a recent Bloomberg News National
Poll found that the U.S. public favors greater regulation of
hydraulic fracturing, a drilling technique that has reduced prices
for consumers while raising environmental concerns. President
Barack Obama has already said his administration would "take every
possible action" to see that gas fracking is done without putting
the public's health or safety at risk.
Fracking has allowed the U.S. to produce so much gas that the
government may approve an export terminal after warning four years
ago of a need to boost imports.
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