Oil Prices Rebound -- Ivanhoe Energy and Independence Energy Shares Jump
June 21 2012 - 8:20AM
Marketwired
Oil prices Tuesday rebounded on hopes of stimulus measures from the
Federal Reserve and on a rising Euro. Oil investors have been
worried about how a potential recession in Europe would affect
global oil demand, Europe currently accounts for approximately 20
percent of the world's oil consumption. Any action by the Federal
Reserve will provide a boost for oil prices, which on February 24
was at a yearly high of $109.77. The Paragon Report examines
investing opportunities in the Independent Oil & Gas Industry
and provides equity research on Ivanhoe Energy Inc. (NASDAQ: IVAN)
(TSX: IE) and Independence Energy Corp. (OTCQB: IDNG) (PINKSHEETS:
IDNG).
Access to the full company reports can be found at:
www.ParagonReport.com/IVAN
www.ParagonReport.com/IDNG
Investors are watching closely for any signs of stimulus from
the Federal Reserve as the U.S. central bank began a two-day
meeting Tuesday. "A few market participants are still waiting and
hoping for the U.S. Fed to trigger a new round of something that
can boost global markets," said Olivier Jakob, a Petromatrix energy
analyst.
Growing concerns of an embargo or attack on Iran, which
significantly cut oil supply, have also pushed oil prices higher.
The possibility of a European oil embargo in July has increased as
recent talks regarding Iran's nuclear program have done little to
ease tensions between Iran and the six world powers.
Paragon Report releases regular market updates on the
Independent Oil & Gas 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.ParagonReport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Ivanhoe Energy is an independent international heavy oil
exploration and development company focused on pursuing long-term
growth in its reserves and production using advanced technologies,
including its proprietary heavy oil upgrading process. For the
first quarter of 2012 the company posted a net loss of $10.7
million, compared to $11.1 million net loss in the year ago
quarter.
Independence Energy Corp. is an oil and gas exploration and
development company focused on projects in the United States.
Independence Energy is seeking to further advance its existing
projects through development or offset drilling and to expand its
portfolio to include additional property interests in the United
States.
Paragon 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 Paragon Report has not been compensated by any of the
above-mentioned companies. We act as independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
www.ParagonReport.com/disclaimer
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